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Argenta Silver Corp. — Major Shareholding Notification 2020
Sep 17, 2020
44540_rns_2020-09-16_d5876b8c-f70b-460d-965a-3f3312b5c631.pdf
Major Shareholding Notification
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Shareholder Files Early Warning Report in Butte Energy Inc.
VANCOUVER, BRITISH COLUMBIA—September 16, 2020 – Stone’s Throw Capital Inc., of L’Horizon, Gunsite Road, Brittons Hill, St. Michael, Barbados, BB14027 ("Stone’s Throw"), announced today that it has filed an early warning report in respect of its intention to sell up to 272,327,592 common shares of Butte Energy Inc. (the "Company")(TSXV: BEN.H) whose registered office is located at Suite 1700, 666 Burrard Street, Vancouver, B.C., Canada, V6C 2X8.
Stone’s Throw currently owns 289,327,592 of the 303,066,402 issued and outstanding common shares of the Company, representing approximately 95.5% of the issued and outstanding shares of the Company, and is a Significant Shareholder/Control Party pursuant to Section 2.8 of NI 45-102 Resale of Securities and the policies of the TSX Venture Exchange (the “TSXV”). The proposed sale of the 272,327,592 common shares, representing approximately 89.9% of the issued and outstanding shares of the Company, is to a group of investors and is expected to close by September 30, 2020, however there is no assurance that the proposed transaction will close as disclosed.
After the transaction, Stone’s Throw will own 17,000,000 common shares of the Company, representing approximately 5.6 % of the issued and outstanding shares of the Company, and will cease to be a Control Person. To the knowledge of Stone’s Throw no new Control Person will be created in the event the proposed sale closes.
A copy of the Form 45-102F1 - Notice of Intention to Distribute under Section 2.8 of National Instrument 45-102 - Resale of Securities has been filed by Stone’s Throw and can be located on SEDAR on the Company's profile at www.sedar.com.
For further information:
Steven Parker – Stone’s Throw Capital Inc. Telephone: 1-246-437-3835 [email protected]
This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Specifically, this news release includes, but is not limited to, forward-looking statements with respect to timing and closing of the contemplated transaction. The information contained herein is stated as of the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.