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DEFSEC TECHNOLOGIES — Regulatory Filings 2020
Dec 15, 2020
47553_rns_2020-12-15_d48256d6-b3f4-434a-b7ec-8db208bffc36.pdf
Regulatory Filings
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Form 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
KWESST Micro Systems Inc. (“KWESST” or the “Company”) 155 Terence Matthews Crescent Kanata, ON K2M 2A8
Item 2 Date of Material Change
December 14, 2020
Item 3 News Release
News release was disseminated on December 15, 2020 via Newsfile Corp. and filed on SEDAR.
. Item 4 Summary of Material Change
The Company announced the approval and issuance of shares for debt and shares for services.
Item 5.1 Full Description of Material Change The Company issued 24,214 common shares pursuant to an agreement with Agora Internet Relations Corp. as announced on September 17, 2020. Furthermore, the Company issued an additional 67,142 common shares to two arms length parties in order to settle outstanding unpaid debts as announced on November 25, 2020.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7 Omitted Information
Not applicable.
Item 8 Executive Officer
Jeffrey MacLeod, President & Chief Executive Officer (519) 831-3349
Item 9 Date of Report
December 15, 2020