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TORONTO — SOL International Investments Corp. (the “Firm” or “SOL International”) (CSE: SOL) (OTCQ: SOLCF) (Frankfurt: 9SB), publicizes that on July 22, 2021 it had acquired possession of 205,000 frequent shares (the “Frequent Shares”) within the capital of KWESST Micro Methods Inc. (“KWE”) on the TSX Enterprise Change (the “TSXV”) at a worth of CAD$2.08 per Frequent Share (the “First Transaction”), and that on August 18, 2021 it had acquired possession of 15,000 Frequent Shares on the TSXV at a worth of CAD$1.97 per Frequent Share (the “Second Transaction”). The completion of the First Transaction resulted in a rise from roughly 9.1% to roughly 9.6% in SOL International’s safety holding proportion of the issued and excellent Frequent Shares on a non-diluted foundation. As well as, SOL International owns 370,000 Frequent Share buy warrants (the “Warrants”). Every Warrant entitles the holder thereof to buy one Frequent Share at an train worth of $1.75 for a interval of 24 months from the date of issuance. Assuming that the entire Warrants are every exercised for one Frequent Share, SOL International owned roughly 10.3% of the issued and excellent Frequent Shares on a partially-diluted foundation instantly after the completion of the First Transaction. The completion of the Second Transaction resulted in a rise of two.0% in SOL International’s safety holding proportion of the issued and excellent Frequent Shares from roughly 9.6% to 11.6% on a non-diluted foundation, and roughly 10.3% to 12.3% on a partially-diluted foundation, in every case from the date of the completion of the First Transaction.
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The Firm acquired the securities reported herein for funding functions. The Firm might, relying on market and different situations, enhance or lower its helpful possession in KWE’s securities, whether or not in transactions over the open market, by privately negotiated preparations or in any other case, topic to a variety of elements, together with normal market situations and different obtainable funding and enterprise alternatives.
This information launch is being issued to adjust to Nationwide Instrument 62-104 – Take-Over Bids and Issuer Bids and Nationwide Instrument 62-103 – The Early Warning System and Associated Take-Over Bid and Insider Reporting Points. An early warning report might be filed and obtainable on SEDAR relating to the Transaction. To acquire extra info or to acquire a replica of the early warning report back to be filed in respect of this information launch, please contact SOL International on the contact particulars famous beneath.
About SOL International Investments Corp.
SOL International is a diversified funding and personal fairness holding firm engaged within the small and mid-cap sectors. SOL International’s funding partnerships vary from minority positions to giant strategic holdings with lively advisory mandates. The Firm’s seven main enterprise segments embody Retail, Agriculture, QSR & Hospitality, Media Expertise & Gaming, and New Age Wellness.
The Firm’s head workplace is situated at 100 King Avenue West, Suite 5600, Toronto, Ontario, M5X 1C9. KWE’s head workplace is situated at 2900 – 550 Burrard Avenue, Vancouver, British Columbia, V6C 0A3.
This press launch comprises “forward-looking info” throughout the that means of relevant securities legal guidelines. All statements contained herein that aren’t clearly historic in nature might represent forward-looking info. In some instances, forward-looking info could be recognized by phrases or phrases resembling “might”, “will”, “count on”, “seemingly”, “ought to”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “imagine” or the unfavourable of those phrases, or different related phrases, expressions and grammatical variations thereof, or statements that sure occasions or situations “might” or “will” occur, or by discussions of technique. The forward-looking info contained on this press launch contains, with out limitation, info regarding the Firm’s funding plans.
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Ahead-looking info relies upon sure materials assumptions that have been utilized in drawing a conclusion or making a forecast or projection, together with administration’s perceptions of historic traits, present situations and anticipated future developments, in addition to different issues which might be believed to be acceptable within the circumstances. Whereas we take into account these assumptions to be cheap primarily based on info at present obtainable to administration, there is no such thing as a assurance that such expectations will show to be right.
By their nature, forward-looking info is topic to inherent dangers and uncertainties that could be normal or particular and which give rise to the likelihood that expectations, forecasts, predictions, projections or conclusions won’t show to be correct, that assumptions will not be right and that aims, strategic targets and priorities won’t be achieved. Quite a lot of elements, together with identified and unknown dangers, lots of that are past our management, might trigger precise outcomes to vary materially from the forward-looking info on this press launch together with the lack or failure of the Firm’s portfolio corporations to execute their enterprise and strategic plans as contemplated or in any respect, adjustments in nationwide or regional financial, authorized, regulatory and aggressive situations and a resurgence within the COVID-19 pandemic.
Different danger elements embody: the dangers ensuing from investing within the US marijuana business, which can be authorized beneath sure state and native legal guidelines however is at present unlawful beneath U.S. federal regulation; the dangers of investing in securities of personal corporations which can restrict the Firm’s skill to promote or in any other case liquidate these securities and notice worth; reliance on administration; the power of the Firm to service its debt; the Firm’s skill to acquire extra financing on occasion to pursue its enterprise aims; competitors; litigation; inconsistent public opinion and notion relating to the medical-use and adult-use marijuana business; and regulatory or political change. Further danger elements will also be discovered within the Firm’s present MD&A, which has been filed on SEDAR and could be accessed at www.sedar.com. Readers are cautioned to contemplate these and different elements, uncertainties and potential occasions rigorously and to not put undue reliance on forward-looking info.
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The forward-looking info contained herein is made as of the date of this press launch and relies on the beliefs, estimates, expectations and opinions of administration on the date such forward-looking info is made. The Firm undertakes no obligation to replace or revise any forward-looking info, whether or not because of new info, estimates or opinions, future occasions or outcomes or in any other case or to clarify any materials distinction between subsequent precise occasions and such forward-looking info, besides as required by relevant regulation.
SOL International Investments Corp.
Paul Kania, Chief Monetary Officer
Cellphone: (212) 729-9208
E mail: email@example.com