Toronto, Ontario–(Newsfile Corp. – September 23, 2020) – Anahit International Corp. (“Anahit“) announces it has acquired beneficial ownership of an aggregate of 12,791,667 common shares (the “Common Shares“) of New Wave Holdings Corp. (the “Corporation“) pursuant to a share exchange agreement among Anahit, Anahit Therapeutics Ltd (“Therapeutics”), and the Corporation whereby Anahit exchanged Class A shares in the capital of Therapeutics for the Common Shares (the “Share Exchange“). Anahit obtained the Common Shares at a deemed price of $0.115 per Common Share, for total deemed consideration of $1,471,041.705.
Prior to the Share Exchange, Anahit held 163 Common Shares and zero (0) convertible securities. Following the Share Exchange holds an aggregate of 12,791,830 Common Shares representing approximately 14.50% of the issued and outstanding Common Shares. Anahit acquired the Common Shares for purposes of distributing them to its shareholders as a reduction and return of capital, which will result in the disposition of all or substantially all the Common Shares.
This news release is issued pursuant to the early warning requirements of applicable securities laws. This news release and the related early warning reports will be filed on SEDAR at www.sedar.com under the Corporation’s profile.
Corporation’s Contact Information:
For further information relating to the Corporation, please refer to the Corporation’s profile on SEDAR which can be accessed at www.sedar.com or contact:
President, New Wave Holdings Corp.
For further information or to obtain a copy of the related early warning report, please contact:
Anahit International Corp.
Attn: Sameet Kanade
Chief Executive Officer and Director
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64534