Acquisition of Subordinate Voting Shares of OOOOO Entertainment Commerce Limited
August 19 2021 - 4:30PM
Kameen Limited ("
Kameen") announced today that it
has filed an early warning report under National Instrument 62-103
in connection with the closing of the previously announced
qualifying transaction (the "
Transaction") of
OOOOO Entertainment Commerce Limited (formerly Evermount Ventures
Inc.) ("
OOOOO Entertainment Commerce").
Pursuant to the Transaction, among other things,
in exchange for its ordinary shares in Video Commerce Group
Limited, Kameen received an aggregate of 8,477,058 subordinate
voting shares of OOOOO Entertainment Commerce (the
"Subordinate Voting Shares"), representing 13.8%
of the issued and outstanding Subordinate Voting Shares. Prior to
the Transaction, Kameen did not hold any Subordinate Voting Shares
or other securities of OOOOO Entertainment Commerce. The
Subordinate Voting Shares provide the holder thereof with one (1)
vote per share. The 8,477,058 Subordinate Voting Shares held by
Kameen represent 10.8% of the issued and outstanding voting shares
of OOOOO Entertainment Commerce and 5.7% of the voting power.
While Kameen currently has no plans or
intentions with respect to the Subordinate Voting Shares held,
depending on market conditions, general economic and industry
conditions, trading prices of OOOOO Entertainment Commerce's
securities, OOOOO Entertainment Commerce's business, financial
condition and prospects and/or other relevant factors, Kameen may
develop such plans or intentions in the future and, at such time,
may from time to time acquire additional securities, dispose of
some or all of the existing or additional securities or may
continue to hold the Subordinate Voting Shares or other securities
of OOOOO Entertainment Commerce.
A copy of the early warning report filed by
Kameen will be available under OOOOO Entertainment Commerce's
profile on SEDAR at www.sedar.com. The Issuer's head office is
located at c/o 1000 – 925 West Georgia Street, Vancouver, British
Columbia V6C 3L2.
This press release is issued pursuant to
Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids and
National Instrument 62-103 – The Early Warning System and Related
Take-Over Bid and Insider Reporting Issues. A copy of an early
warning report filed by Kameen in connection with such requirements
is available under the Issuer's profile at www.sedar.com. Please
refer to such report for further information regarding the
transaction described in this press release.
Kameen LimitedPO Box 957 Offshore Incorporations
CentreRoad Town, TortolaBritish Virgin Islands
Tom Judge, Chief Operating Officer |
Investor Relations |
+1 604.265.0771 |
+1 416.842.9003 |
tom@ooooo.com |
investors@ooooo.com |
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