Canada NewsWire
TORONTO , June 2, 2023 /CNW/ - Hugh G. McCauley (" Mr. McCauley "), announces that today, he acquired 100,000 common shares (the " Shares ") of Newtopia Inc. (TSXV: NEWU) (" Newtopia "), a company with its head office located at 33 Bloor Street East, 5 th Floor, Toronto, Ontario M4W 3H1, for a purchase price of $0.075 per Share (the " Share Purchase "). As a result of the Share Purchase, Mr. McCauley owns and controls approximately 13,994,500 Shares and 1,000,000 common share purchase warrants (" Warrants "), representing 10.0% of the Shares of Newtopia on a partially diluted basis.
Immediately prior to the Share Purchase, Mr. McCauley owned approximately 13,894,500 Shares and 1,000,000 Warrants, representing approximately 9.33% of the issued and outstanding Shares of Newtopia on a non-diluted basis (and representing approximately 9.93% on a partially diluted basis, assuming the exercise of all Warrants held by Mr. McCauley).
Following the Share Purchase, Mr. McCauley owns approximately 13,994,500 Shares and 1,000,000 Warrants representing approximately 9.40% of the issued and outstanding Shares of Newtopia on a non-diluted basis (and representing approximately 10.0% on a partially diluted basis, assuming the exercise of all Warrants held by Mr. McCauley).
Mr. McCauley is located at 58 Old Colony Rd, North York, Ontario M2L 2K1, Canada .
McCauley will file an early warning report pursuant to National Instrument 62-104 – Take-Over Bids and Issuer Bids on SEDAR ( www.sedar.com ) under his SEDAR profile.
SOURCE Newtopia Inc.
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