Disposition of Shares of Pool Safe
Inc.
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES OF
AMERICA/
TORONTO, Aug. 29, 2019 /CNW/ - This press release is being
disseminated as required by National Instrument 62‐103 The Early
Warning System and Related Take Over Bids and Insider Reporting
Issuers in connection with the filing of an early warning
report (the "Early Warning Report") regarding the
disposition of securities of Pool Safe Inc. (TSXV:POOL) (the
"Company") by Stephen W. Green Professional
Corporation (the "Green") of 150 York Street,
5th Floor, Toronto,
Ontario, M5H 3S5. The address of the Company's registered
office is 401 Magnetic Drive, Unit 14, Toronto, Ontario, M3J 3H9.
Green entered into a share purchase agreement with each of
Astoria Limited, Steven Glaser,
538464 Ontario Ltd., 1604591 Ontario Inc., Tom Patterson, Investments and Technical
Management Limited, Michael
Rabinovici and Michael Ostroff (collectively, the
"Purchasers") pursuant to which the Purchasers agreed to
purchase 5,832,240 common shares of the Company for a purchase
price of $233,289.60, being
$0.04 per share.
Following the transaction, Green and his affiliates beneficially
own 2,404,896 common shares in the capital of the Company,
representing approximately 3.7% of the issued and outstanding
securities of the Company on an undiluted basis. Before the
transaction, Green and his affiliates beneficially owned 8,237,136
common shares in the capital of the Company, representing
approximately 12.6% of the issued and outstanding securities of the
Company on an undiluted basis.
The sale of these securities was for financial planning purposes
and Green may increase or decrease his beneficial ownership or
control depending on market or other conditions.
A copy of the Early Warning Report will be filed on
www.SEDAR.com.
SOURCE Pool Safe Inc.
