Telehop Communications Inc.

Telehop Communications Inc.

March 03, 2014 10:51 ET

Early Warning Report Issued Pursuant to National Instrument 62-103 - Acquisition of Shares of Telehop Communications Inc.

TORONTO, ONTARIO--(Marketwired - March 3, 2014) - This press release is being disseminated as required by National Instrument 62‐103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issues - in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of common shares of Telehop Communications Inc. (TSX VENTURE:HOP) ("Telehop"). Suraj Holdings Inc., jointly with 1530487 Ontario Inc., each of 1039 McNicoll Avenue, 2nd Floor, Toronto, Ontario M1W 3W6, (collectively, the "Acquiror"), have acquired through a private transaction 8,000,000 common shares in the capital of Telehop (the "Shares"), representing 24.79% of the issued and outstanding common shares of Telehop. The deemed value of the Shares purchased by the Acquiror is $800,000.

Upon completion of the acquisition, the Acquiror, which had no prior shareholdings in Telehop, now owns or controls 8,000,000 common shares of Telehop, representing 24.79% of the issued and outstanding common shares of Telehop.

The Acquiror purchased the shares for investment purposes and may purchase additional shares of Telehop on the open market, by private agreement or otherwise subject to their availability at attractive prices, market conditions, applicable laws and other relevant factors.

The Acquiror intends to file a report describing the above transaction with applicable regulators, a copy of which shall be promptly sent to anyone who requests it from the person noted below.

The information herein has not been approved or disapproved by regulatory authorities.

Contact Information

  • Rajan Arora
    1039 McNicoll Avenue
    Toronto ON M1W 3W6