Duncan Park Holdings Corporation Early Warning News Release
May 24 2019 - 2:35PM
Eric P. Salsberg ("
Salsberg"), Toronto, Ontario,
announced today that he disposed of 455,548 common shares
("
Common Shares") of Duncan Park Holdings
Corporation (the "
Company") at a deemed price of
approximately $0.06 per share to certain investors, including
certain subscribers to the Company's October 2018 private placement
of debentures (the "
Share Purchase Transaction").
Mr. Salsberg acquired the 455,548 Common Shares
(the "Debt Settlement Shares") on May 14, 2019 as
part of a debt settlement transaction. Pursuant to the Share
Purchase Transaction, Mr. Salsberg disposed of all of the Debt
Settlement Shares, at a price equal to 20% of the aggregate debt of
$136,662.24 or $27,332.45 (approx. $0.06 per share) which he was
owed by the Company, to certain investors, including certain
subscribers to the Company's October 2018 private placement of
debentures.
Prior to the completion of the Share Purchase
Transaction, Mr. Salsberg held 734,264 Common Shares, representing
approximately 15.91% of the issued and outstanding Common Shares.
In connection with the Share Purchase Transaction, Mr. Salsberg
disposed of the 455,548 Common Shares, representing approximately
9.87% of the issued and outstanding Common Shares. Following the
Share Purchase Transaction, Mr. Salsberg holds 278,716 Common
Shares, representing approximately 6.04% of the issued and
outstanding Common Shares.
Mr. Salsberg disposed of the 455,548 Debt
Settlement Shares in order to monetize the Debt Settlement Shares
he acquired in settlement of the $136,662.24 debt owed to him by
the Company. Mr. Salsberg intends to hold his remaining Common
Shares for investment purposes. He may from time to time,
depending on market and other conditions, acquire additional Common
Shares or dispose of Common Shares through private agreement or
otherwise.
For further information or a copy of the early
warning report related to this matter, please contact:
Eric P. SalsbergTel: (416) 367-4941; Email:
salsberg@rogers.com
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