Naser Bin Butti Almheiri

November 29, 2017 09:15 ET

Shareholder Reports Updated Equity Interest in MPX Bioceutical Corporation

ABU DHABI, UNITED ARAB EMIRATES--(Marketwired - Nov. 29, 2017) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

Naser Bin Butti Almheiri (the "Acquiror"), of Marina Villa No. 68, Abu Dhabi, United Arab Emirates, announces that the Acquiror sold an aggregate of 6,376,000 common shares (collectively, the "Shares") of MPX Bioceutical Corporation (the "Issuer") of 5255 Yonge Street, Suite 701, Toronto, ON M2N 6P4, in the amounts, on the dates and for the consideration set forth below (collectively, the "Dispositions" and any one of such Dispositions, a "Disposition"):

Date of Sale Shares Sold Consideration per Share (CDN$) Aggregate Consideration (CDN$)
Nov. 13, 2017 337,500 0.67619 228,214.13
Nov. 14, 2017 183,000 0.66757 122,165.31
Nov. 15, 2017 68,500 0.64482 44,170.17
Nov. 16, 2017 275,500 0.63779 175,711.15
Nov. 17, 2017 196,000 0.63832 125,110.72
Nov. 20, 2017 378,000 0.61222 231,419.16
Nov. 21, 2017 538,000 0.5641 303,485.80
Nov. 23, 2017 250,500 0.555768 139,219.88
Nov. 24, 2017 754,500 0.52958 399,568.11
Nov. 27, 2017 3,394,500 0.51797 1,758,249.17
TOTAL 6,376,000 3,527,313.60

The sales of the Shares took place through the facilities of the Canadian Securities Exchange.

The sale of 3,394,500 Shares on November 27, 2017 by the Acquiror triggered the requirement to file the early warning report to which this press release relates, as the aggregate Dispositions at that time exceeded 2% of the issued and outstanding common shares of the Issuer. Prior to the first Disposition on November 13, 2017, the Acquiror controlled and directed 52,500,000 common shares of the Issuer, representing approximately 20% of the outstanding common shares of the Issuer. After the last Disposition on November 27, 2017, the Acquiror controlled and directed 46,124,000 common shares of the Issuer, representing approximately 18% of the outstanding common shares of the Issuer.

The Acquiror, through Al Sidra Commercial Investments LLC, a company wholly owned and controlled by the Acquiror and his spouse, disposed ownership of the Shares pursuant to the Dispositions, and the Acquiror ceased to have control over the Shares at such time.

The Acquiror disposed of the Shares for investment purposes. The Acquiror intends to evaluate his investment in the Issuer and to increase or decrease his shareholdings from time to time as he may determine appropriate.

A copy of the early warning reports of the Acquiror corresponding to this press release can be obtained from the Acquiror, at +971 56 177 1178, or on SEDAR at www.sedar.com under the Issuer's profile.

Contact Information

  • Naser Bin Butti Almheiri
    +971 56 177 1178