FREDERICTON, Nov. 29, 2017 /CNW/ - 633688 N.B. Inc.
("633688") announces that today it has sold ownership and
control of an aggregate of 1,535,170 common shares
("Shares") of Trius Investments Inc. (TSXV: TRU) (the
"Issuer"), representing approximately 13.6% of the issued
and outstanding Shares, by way of private agreement with one
buyer.
The Shares were purchased at a price of $0.17 per Share (the "Purchase Price") for
total cash consideration of $260,978.90, including $0.05 per Share placed into escrow (the
"Escrowed Amount") pending the occurrence of certain events
involving the Issuer. Upon such events occurring, the
Escrowed Amount will be allocated amongst the buyer and 633688 by
reference to a pre-determined formula which may have the effect of
reducing the Purchase Price.
Prior to this transaction 633688 owned directly 3,012,135 Shares
representing approximately 26.7% of the issued and outstanding
Shares. Following the transaction 633688 will own directly
1,476,965 Shares representing approximately 13.1% of the issued and
outstanding Shares. 633688 and parties associated or related
to it currently own and control a total of 1,887,330 Shares
representing approximately 16.7% of the issued and outstanding
Shares. Following this transaction 633688 intends to increase
its direct ownership from 13.1% of the issued and outstanding
Shares to 14% of the issued and outstanding Shares.
633688 holds the Shares for investment purposes and may, from
time to time, acquire additional Shares or dispose of some or all
of the Shares it currently holds. 633688 does not currently intend
to change the Issuer's previously-disclosed plans to dispose of its
existing investments.
This news release is issued pursuant to the early warning
requirements of applicable securities laws. This news release and
the related early warning report will be filed on SEDAR at
www.sedar.com under the Issuer's profile.
SOURCE 633688 N.B. Inc.
