TORONTO, ONTARIO--(Marketwired - Jan. 9, 2017) - Shaun Drake today announced that on January, 9, 2017 he acquired 28,778,204 common shares of OutDoorPartner Media Corporation ("OutDoor") at a price of C$0.000173742 per share, for an aggregate purchase price of C$5,000 through a private transaction (the "Transaction").
Prior to the Transaction, Shaun Drake beneficially owned nil common shares of OutDoor. As a result of the Transaction, Shaun Drake now beneficially owns 28,778,204 common shares of OutDoor, representing approximately 15% of OutDoor's issued and outstanding common shares.
In the future, Shaun Drake may from time to time acquire or dispose ownership of, or control or direction over, additional securities of OutDoor for investment purposes as future circumstances may dictate.
This news release is being issued under the early warning reporting provisions of applicable securities laws. An early warning report with additional information in respect of the foregoing matters will be filed and made available under the SEDAR profile of OutDoor at www.sedar.com.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
CAUTIONARY STATEMENT: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the ability of Shaun Drake to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although the forward-looking information contained in this news release is based upon what Shaun Drake believes, or believed at the time, to be reasonable assumptions, Shaun Drake cannot assure shareholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Shaun Drake nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. Shaun Drake does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.