Royalty North Partners Ltd.
TSX VENTURE : RNP

Royalty North Partners Ltd.

February 19, 2016 13:27 ET

David De Witt Files Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 19, 2016) - Mr. David De Witt announces that he has sold (i) 3,900,401 common shares of Royalty North Partners Ltd. (the "Company") and (ii) 2,035,267 common share purchase warrants (the "Warrants"), through private transactions for an aggregate price of $237,924.46, representing an aggregate of 11.5% of the Company's outstanding common shares on a non-diluted basis or 16.6% of the Company's outstanding common shares on a partially-diluted basis assuming the exercise of the Warrants.

After giving effect to the dispositions referred to above, Mr. De Witt beneficially owns and controls a total of (i) 849,599 common shares and (ii) 114,733 common share purchase warrants, representing 2.5% of the Company's issued and outstanding common shares on a non-diluted basis or 2.8% of the Company's issued and outstanding common shares on a partially-diluted basis assuming the exercise of Mr. De Witt's remaining warrants.

Mr. De Witt sold the securities for investment purposes. Mr. De Witt may increase or decrease his beneficial shareholdings from time to time as he may determine appropriate for investment purposes.

This news release is being issued as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of Mr. De Witt's Early Warning Report dated February 19, 2016. The Early Warning Report respecting this disposition has been filed on the System for Electronic Document Analysis and Review.

A copy of the Early Warning Report may be obtained by contacting Christine Gregory, the Corporate Secretary of the Company at (604) 628-1033.

David De Witt
Suite 1400, 400 Burrard Street
Vancouver, British Columbia
V6C 3A6 Canada

Contact Information

  • Royalty North Partners Ltd.
    Christine Gregory
    Corporate Secretary
    (604) 628-1033