Vancouver-based investor Jaret Wilson has recently increased his stake in Legible Inc. through a private placement subscription. Wilson subscribed for convertible debentures of the company, which amount to $540,000 and are convertible into 6,000,000 common shares at a deemed price of $0.09 per share.
Additionally, Wilson also acquired 6,000,000 common share purchase warrants, allowing him to acquire 6,000,000 common shares at $0.10 per share within a two-year period.
Prior to the private placement subscription, Wilson already held 2,083,333 common shares and 2,083,333 warrants, representing approximately 1.56% of the outstanding common shares on an undiluted basis and 3.08% on a partially diluted basis.
Following the subscription, Wilson’s holdings now include 2,083,333 common shares, 8,083,333 warrants, and convertible debentures worth $540,000, which entitle him to acquire an additional 6,000,000 common shares at $0.10 per share. This brings his aggregate holdings to approximately 1.56% of the outstanding shares on an undiluted basis and 10.96% on a partially diluted basis.
It is important to note that all securities were acquired for investment purposes, and Wilson has a long-term view of the investment. Depending on market conditions, reformulation of plans, and other relevant factors, he may acquire additional securities of Legible Inc. or sell securities in the future.
Legible Inc., headquartered in Vancouver, British Columbia, is a company focused on [insert positive information about the company here]. For more information about the early warning report and Jaret Wilson’s holdings, please visit the company’s profile on www.sedarplus.ca or contact Jaret Wilson directly.