MISSISSAUGA, ONTARIO--(Marketwired - Sept. 19, 2016) - Chris Panczuk has today filed an early warning report dated September 16, 2016 advising of his additional holdings in BeWhere Holdings Inc. (the "Issuer").
Chris Panczuk, Chief Operating Officer and director of the Issuer, owned, prior to the acquisitions referred to below, 7,496,577 common shares of the Issuer and warrants to purchase 250,000 shares ("Initial Warrants").
On September 16, 2016, Mr. Panczuk acquired, pursuant to a private placement, beneficial ownership and control of 666,666 units at a price of $0.15 per unit, each unit consisting of one common share and one half of one common share purchase warrant, resulting in a total of 666,666 common shares and 333,333 common share purchase warrants (each whole common share purchase warrant a "September 2016 Warrant"). Each September 2016 Warrant entitles Mr. Panczuk to purchase 333,333 common shares of the Issuer at an exercise price of $0.25 per common share for a period of 36 months.
Mr. Panczuk also acquired 200,000 common shares at a deemed price of $0.15 per share in satisfaction of a debt of $30,000 owed to Mr. Panczuk by the Issuer.
As a result of the above transactions, Mr. Panczuk now beneficially owns and controls a total of 8,363,243 common shares which represents 16.96% of the issued common shares of the Issuer. If Mr. Panczuk exercises all of the Initial Warrants and the September 2016 Warrants, he would beneficially own a total of 8,946,576 common shares which would represent approximately 18.14% of the issued and outstanding common shares of the Issuer on a partially diluted basis.
The 666,666 common shares, the 333,333 September 2016 Warrants and the 200,000 common shares were acquired by Mr. Moore pursuant to Section 2.24 of National Instrument 45-106 Prospectus Exemptions.
The common shares of the Issuer are listed on the TSX Venture Exchange under the trading symbol "BEW". Mr. Panczuk acquired the common shares, the September 2016 Warrants and the common shares in satisfaction of the debt for investment purposes. Depending upon the circumstances, Mr. Panczuk may, from time to time, acquire additional securities of the Issuer or dispose of all or a portion of the securities of the Issuer.
The Early Warning Report has been filed on the System for Electronic Document Analysis and Review ("SEDAR") under the Issuer's profile and can be viewed at www.sedar.com.
FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE REPORT REQUIRED BY SECURITIES REGULATIONS, PLEASE CONTACT CHRIS PANCZUK.