Devin Vandenberg Announces Acquisition of Common Shares of Carbeeza Inc.
July 20 2021 - 7:53PM
Devin Vandenberg (“
Vandenberg”) today announced
that he has filed an early warning report (the "
Early
Warning Report") under National Instrument 62-103 – The
Early Warning System and Related Take-Over Bid and Insider
Reporting Issues in connection with the closing of the previously
announced reverse takeover (the “
Transaction”)
whereby Carbeeza Inc. (the “
Company” or
“
Carbeeza”) (TSXV:
AUTO)
(formerly, HIT Technologies Inc.) acquired all shares of Carbeeza
Ltd. (“
Old Carbeeza”) in exchange for common
shares of the Company.
The Transaction was completed pursuant to the
terms of an amalgamation agreement dated May 30, 2021, pursuant to
which 49,245,000 common shares in the capital of the Company
("Common Shares") and 9,791,350 common share
purchase warrants were issued to former shareholders of Old
Carbeeza at a deemed price of $0.40 per Common Share.
As a result of the Transaction, Vandenberg
acquired beneficial ownership and control over 10,537,830 Common
Shares. The Common Shares were issued in exchange for the
securities of Old Carbeeza held by Vandenberg prior to completion
of the Transaction. As a result of the Transaction, Vandenberg has
ownership and control over approximately 16.5% of the Common Shares
on a non-diluted basis. Prior to the completion of the Transaction,
Vandenberg had no ownership or control over any securities of the
Company. Vandenberg does not currently have any plan to acquire or
dispose of additional securities of the Company. However,
Vandenberg may acquire additional securities of the Company,
dispose of some or all of the existing or additional securities it
holds or will hold, or may continue to hold its current position,
depending on market conditions, reformulations, and/or other
relevant factors.
A copy of the Early Warning Report filed by
Vandenberg will be available under the Company's profile on SEDAR
at www.sedar.com.
The TSX have not reviewed and do not accept responsibility for
the adequacy or accuracy of the contents of this news release,
which has been prepared by the management of Carbeeza Inc.
CONTACT INFORMATION:
Devin Vandenberg620, 10180 - 101 StreetEdmonton, AB T5J
3S4Telephone: 1-855-216-8802
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