VANCOUVER, May 31, 2019 /CNW/ - On May 30, 2019, Knightsbridge Capital Partners Inc.
("Knightsbridge") and its subsidiary Knightsbridge Capital
Group Trust (collectively, the "Purchasers") purchased an
aggregate of 4,400,135 common shares ("Common Shares") of
Zedcor Energy Inc. ("Zedcor") at a price of C$0.1127 per Common Share, for an aggregate
purchase price of C$495,895.22, plus
agreed consideration based on future share performance, pursuant to
agreements between each of the Purchasers and a private seller (the
"Share Purchase"). Immediately prior to the Share Purchase,
Maynbridge Capital Inc. ("Maynbridge"), a subsidiary of
Knightsbridge, owned warrants entitling Maynbridge to acquire
3,901,778 Common Shares (each, a "Warrant"), representing
approximately 6.80% of the issued and outstanding Common Shares
calculated on a partially-diluted basis (assuming exercise in full
of its Warrants). The purchase of an aggregate of 4,400,135 Common
Shares by the Purchasers represents the acquisition of
approximately 7.67% of the issued and outstanding Common Shares
calculated on a partially-diluted basis (assuming the exercise in
full of the 3,901,778 Warrants owned by Maynbridge). As a result,
Maynbridge and the Purchasers together own approximately 14.47% of
the issued and outstanding Common Shares calculated on a
partially-diluted basis (assuming the exercise in full of the
Warrants).
Knightsbridge acquired the Common Shares for investment
purposes. Knightsbridge has no current plan or future intentions
which relate to, or would result in, acquiring additional
securities of Zedcor, disposing of securities of Zedcor, or any of
the other actions enumerated above. Depending on market conditions,
Knightsbridge's view of Zedcor's prospects and other factors
considered relevant by Knightsbridge, Knightsbridge may acquire
additional securities of Zedcor from time to time in the future, in
the open market or pursuant to privately negotiated transactions,
or may sell all or a portion of its securities of Zedcor.
Zedcor's address is Suite 3000, 500 – 4th Avenue SW,
Calgary, Alberta, T2P 2V6.
Knightsbridge's address is Suite 388, 1111 West Hastings Street,
Vancouver, British Columbia, V6E
2J3. Knightsbridge is a corporation incorporated under the federal
laws of Canada. Knightsbridge's
principal business is investing in businesses undergoing periods of
turnaround and high growth.
Forward-Looking Information
Certain statements in the press release are forward-looking
statements and are prospective in nature, including statements with
respect to Knightsbridge's future intentions regarding the
securities of Zedcor. Forward-looking statements are not based on
historical facts, but rather on current expectations and
projections about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Such forward-looking statements should therefore be
construed in light of such factors, and Knightsbridge is not under
any obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
SOURCE Knightsbridge Capital Partners Inc.