March 15, 2017 16:10 ET
OTTAWA, ONTARIO--(Marketwired - March 15, 2017) - Scott Hunter, as Trustee for the Hunter Family Trust (the "Offeror") of 1145 Hunt Club Rd. Ottawa, ON has filed an early warning report dated March 13, 2017 advising of his holdings in betterU Education Corp. (the "Issuer").
On March 3, 2017 the Offeror acquired control of 6,000,000 common shares in the capital of the Issuer (the "Shares") representing approximately 12.12 % of the issued and outstanding Shares on a non-diluted basis. The Offeror acquired ownership and control over the 13,500,000 Shares on its own and not with any joint actors. The Shares were issued at a deemed price of $0.33 per Share for a total deemed value of $495,000 pursuant to a Securities Exchange Agreement among the Issuer, Skillsdox Inc. ("Skillsdox") and the Offeror, among other securityholders of Skillsdox, dated February 21, 2017 for the acquisition of all the issued and outstanding shares in the capital of Skillsdox.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with the Issuer's documents on the SEDAR website at www.sedar.com. A copy of the Early Warning Report may also be obtained by contacting the Issuer's corporate office located at 1145 Hunt Club Rd, Ottawa, ON K1V 0Y3.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Scott HunterTrustee for the Hunter Family Trust1145 Hunt Club RdOttawa, ONK1V 0Y3
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