AI assistant
Oceansix Future Paths Ltd. — Capital/Financing Update 2021
Sep 10, 2021
48083_rns_2021-09-10_e060e78e-21cb-498e-a62c-cf7ca0f348ee.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
FORM 51-102F3 MATERIAL CHANGE REPORT
1. Name and Address of Reporting Issuer:
K.B. Recycling Industries Ltd. (“ Alkemy ” or, the “ Company ”)
3rd Ha-Avoda Street Beit She'an, ISRAEL 1171703
2. Date of Material Change:
September 1, 2021
3. News Release:
A news release announcing the material change was issued on August 30, 2021 and filed on SEDAR.
The Company received final approval from the TSX Venture Exchange for the material change on September 1, 2021.
4. Summary of Material Change:
The Company wishes to update the disclosure respecting its recently completed nonbrokered private placement and its press releases respectively dated June 4 and June 29, 2021. Pursuant to this offering, the Company issued 4,337,928 Units at a price of C$0.29 per Unit for aggregate gross proceeds of approximately C$1,257,999. Each Unit was comprised of one ordinary share of the Company (an “Ordinary Share”) and onehalf of one Ordinary Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Ordinary Share at a price of C$0.51 per Ordinary Share until April 21, 2023.
5. Full Description of Material Change:
As per Item 4.
6. Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102.
Not applicable.
7. Omitted Information:
No information has been omitted.
8. Executive Officers:
Shmuel Porre Chief Executive Officer Tel: +972526016888 Email: [email protected]
– 2 –
9. Date of Report:
September 10, 2021