LEBGF - Early Warning Press Release - Jaret Wilson
(TheNewswire)
July 12, 2024 – Source: Jaret Wilson
Vancouver, British Columbia – TheNewswire – Jaret Wilson (the"Acquiror") has today filed an early warning report (the"Early Warning Report") advising that on April 26, 2024 (the“Effective Date”) he subscribed for (the “Private PlacementSubscription”) convertible debentures of the Legible Inc. (the“Company”) with: (i) a principal amount of $540,000 convertibleinto 6,000,000 common shares (“Common Shares”) of the Company at adeemed price of $0.09 per Common Share; and (ii) 6,000,000 CommonShare purchase warrants (“Warrants”) entitling him to acquire6,000,00 Common Shares at $0.10 per Common Share for a period of 2years.
Immediately prior to the Effective Date, the Acquirorhad beneficial ownership, or exercised control or direction, bothdirectly and indirectly over: (i) 2,083,333 Common Shares; and (ii)2,083,333 Warrants entitling him to acquire 2,083,000 Common Shares at$0.15 per Common Share. These holdings represented approximately1.56% of the outstanding Common Shares of the Company on an undilutedbasis and 3.08% on a partially diluted basis. Following the PrivatePlacement Subscription, the Acquiror has beneficial ownership orexercises direction or control over, directly and indirectly over: (i)2,083,333 Common Shares; (ii) 8,083,333 Warrants; and (iii)convertible debentures of the Company in the principal amount of$540,000 entitling him to acquire an additional 6,000,000 CommonShares for $0.10 per Common Share. His aggregate holdings nowrepresent approximately 1.56% of the outstanding shares of the Companyon an undiluted basis and 10.96% on a partially diluted basis.
All securities were acquired for investment purposes.The Acquiror has a long-term view of the investment and may acquireadditional securities of the Company either on the open market orthrough private acquisitions or sell securities on the open market orthrough private dispositions in the future depending on marketconditions, reformulation of plans and/or other relevantfactors.
This news release is being issued as required byNational Instrument 62-104 - Take-Over Bids and Issuer Bids andrelates to the Acquiror and the Company, whose head office is locatedat #250 - 997 Seymour Street, Vancouver, British Columbia, V6B 3M1,Canada. A copy of the Early Warning Report can be obtained atwww.sedarplus.ca under the Company's profile, or by contacting JaretWilson at 275 North Franklin Turnpike, Ramsey, NJ 07446 USA and contact@jaretwilson.com .
SOURCE: Jaret Wilson
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