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TrustBIX Inc. — Regulatory Filings 2024
Apr 26, 2024
47295_rns_2024-04-26_dea9c103-5508-4369-ae06-da79a374586d.pdf
Regulatory Filings
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company:
TrustBIX Inc. 10607 – 82 Street, 2[nd] Floor Edmonton, AB T6A 3N2
Item 2 Date of Material Change:
April 23, 2024
Item 3 News Release:
A news release was issued and disseminated on April 25, 2024 through the services of Newsfile and filed that same date on SEDAR Plus.
Item 4 Summary of Material Change:
TrustBIX Inc. (“TrustBIX” or the “Company”) announced that it had cancelled 20,000,000 common shares in the capital of the Company (the “Escrow Shares”), effective April 23, 2024, which were held in escrow and were to be released if certain conditions were met. The required conditions were not met, resulting in the cancellation of the Escrow Shares.
Item 5 Full Description of Material Change:
The Company announced the cancellation of 20,000,000 common shares in the capital of the Company (the “Escrow Shares”) effective April 23, 2024. The Escrow Shares were held in escrow and were to be released if certain conditions, pursuant to the acquisition of Insight Global Technology Inc. previously announced on March 7, 2022, were met. The required conditions were not met, resulting in the cancellation of the Escrow Shares without issuance of any consideration by TrustBIX. After the cancellation there were 118,869,330 common shares issued and outstanding.
Item 6 Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102:
None
Item 7 Omitted Information:
Not Applicable.
Item 8 Executive Officer:
Hubert Lau Chief Executive Officer Telephone: 1-780-456-2207
Item 9 Date of Report:
April 25, 2024