HALIFAX,
NS, June 18, 2024 /CNW/ - Precipice Holdings
Limited ("Precipice") announces that it, together with its
joint actors, has acquired 420,000 common shares ("Common
Shares") of NL2 Capital Inc. (TSXV: NLII.P) ("NL2"),
with its head office at 1300-1969 Upper Water Street, McInnes Cooper Tower – Purdy's Wharf,
Halifax, Nova Scotia, B3J 3R7,
representing approximately 2.21% of the Common Shares issued and
outstanding. Precipice is a holding company incorporated under the
laws of the Province of Nova Scotia owned and controlled by
Chris Dobbin, President, CEO &
CFO of NL2.
Between January 2, 2024 and
June 14, 2024, Precipice and its
joint actors acquired 420,000 Common Shares in the open market on
the TSX Venture Exchange with purchase prices between $0.035 and $0.10
per share, for total consideration of $20,890 (the "Transaction"). The Common
Shares acquired in the Transaction represent approximately 2.21% of
the Common Shares issued and outstanding.
Before the Transaction, Precipice and its joint actors
collectively controlled 2,500,000 Common Shares representing 13.18%
of the outstanding Common Shares. Following completion of the
Transaction, Precipice and its joint actors own and control
2,920,000 Common Shares or 15.39% of the outstanding Common
Shares.
The purpose of the Transaction was for investment purposes.
Precipice and its joint actors may, from time to time, increase or
decrease their holdings of securities of NL2, depending on market
and other conditions.
SOURCE Precipice Holdings Limited