Tickers: XTSX:NTQ
Tags: Technology
December 18, 2017 / TheNewswire / Calgary, Alberta - Gerhard Mynhardt issues this press release pursuant to Part 3 - Early Warning Requirements of National Instrument 62-103 with respect to NovaTeqni Corporation (the "Issuer").
On December 15, 2017, Gerhard Mynhardt received a share certificate representing 2,535,347 common shares of the Issuer in settlement of $380,302 of loans to the Company. Gerhard Mynhardt is the sole shareholder of NovaMeric (Pty) Ltd. which owns 13,424,051 (approximately 41.6% of the issued and outstanding common shares (non-diluted)) prior to the debt settlement. Upon completion of the debt settlement, Gerhard Mynhardt and NovaMeric (Pty) Ltd now jointly own 15,959,398 common shares (approximately 45.9% of the issued and outstanding common shares (non-diluted)).
Depending on economic or market conditions or matters relating to the Issuer, NovaMeric (Pty) Ltd. and/or Gerhard Mynhardt may choose to either acquire additional securities or dispose of securities of the Issuer. On December 8, 2017, NovaMeric (Pty) Ltd. filed a Form 45-102F1 (Notice of Intention to Distribute Securities under Section 2.8 of NI 45-102 Resale of Securities) with respect to its intention to privately sell up to 4,000,000 common shares of the Issuer. The common shares of the Issuer are listed on the TSX Venture Exchange under the trading symbol "NTQ".
For further information or to receive a copy of the early warning report filed by Gerhard Mynhardt with securities regulatory authorities in Canada in connection with this press release, please contact Gerhard Mynhardt at +27 11 706 5548.
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