FREDERICTON, May 25, 2020 /CNW/ - 633688 N.B. Inc. announces
that its ownership of common shares of Trius Investments Inc.
(TSXV: TRU) has been diluted below 10%. Trius today announced
the completion of a private placement of 10,000,000 common shares
at a price of $0.05 per share.
633688 N.B. Inc. acquired 100,000 common shares of Trius as part of
the private placement. Also today, 100,000 options to acquire
common shares held by the President of 633688 were cancelled for no
consideration.
Prior to these transactions 633688 and joint actors owned
1,887,330 common shares that, including options, represented
approximately 18% of the issued and outstanding common shares.
Following the transactions, common shares held by 633688 and
parties that may be acting jointly fell below 10% of the issued and
outstanding common shares.
633688 N.B. Inc. 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 holds in the normal course of its
investment activities.
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 Trius' profile.
SOURCE 633688 N.B. Inc.
