TORONTO, Aug. 2, 2019 /CNW/ - 01 Communique Laboratory
Inc. (the "Company") (ONE:TSX-V) today announced that the Company's
President and Chief Executive Officer, Andrew Cheung's holding company 1407513 Ontario
Ltd. ("1407513") has filed an early warning report (the "Report")
under the Company's profile on www.sedar.com as summarized
below. 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 Issues in connection with the
filing of an early warning report.
Prior to the completion of the transaction set forth in the
Report, 1407513 of 789 Don Mills Road, Suite 700, Toronto, Ontario M2C 1T5 owned, together with
joint actors, 9,789,667 common shares in the capital of the Company
and 1,390,000 options to acquire common shares in the capital of
the Company.
On July 29, 2019 Mr. Cheung
acquired a total of 466,666 units at a price of $0.12 per unit for total consideration of
$49,999.92. Each unit was
comprised of one common share and one-half of one common share
purchase warrant with each whole warrant entitling the holder to
acquire one common share at a price of $0.15 per share at any time on or before
July 29, 2021. Following the
foregoing transaction 1407513 holds, together with joint actors,
9,789,666 common shares, 208,333 common share purchase warrants and
1,390,000 options. As a result of the foregoing transactions
the percentage of restricted voting shares of the Company owned or
controlled by 1407513 increased from 13.8% to 13.9%% (on a
partially diluted basis). This early warning report is being
filed to update the 1407513's early warning disclosure in respect
of which 1407513's ownership percentage has decreased from the
approximately 32% ownership percentage reflected in the previous
report as a result of certain transactions, including issuances by
the Company, that have diluted 1407513's holdings as reflected in
the previous early warning report.
Immediately before the transaction that triggered the
requirement to file the Report, 1407513 owned or controlled a
total of 9,373,000 common shares and 1,390,000 options of the
Company representing 12.2% of the issued and outstanding common
shares on an undiluted basis and 13.8% on a partially diluted
basis. Immediately following the transactions that triggered
the requirement to file the Report, 1407513 owned or controlled a
total of 9,789,666 common shares, 208,333 common share purchase
warrants and 1,390,000 options of the Company representing 12.2% of
the issued and outstanding common shares on an undiluted basis and
13.9% on a partially diluted basis.
Neither 1407513, nor to its knowledge, any of the joint actors,
have a present intention to acquire or dispose of additional
securities. Such intention may change depending on various factors
including, without limitation, the Company's financial position,
the price levels of the common shares of the Company, conditions in
the securities markets and general economic and industry
conditions, and other factors and conditions 1407513 and/or the
joint actors deem appropriate.
About 01 Communique
Established in 1992, 01 Communique Laboratory Inc. (TSX-V: ONE)
has always been at the forefront of technology. The Company's
legacy business provides its customers with a suite of secure
remote access services and products. In early 2018 the Company
began transitioning its business focusing on cybersecurity with the
development and implementation of Post-Quantum Cryptography and
Post-Quantum Blockchain technologies, which can be implemented on
classical computer systems as we know them today while at the same
time intended to be secure enough to safeguard against potential
Quantum Computer attacks. The Company's legacy products are
protected in the U.S.A. by its
patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039
and in Japan by its patent
#4,875,094. For more information, visit the Company's web site at
www.01com.com
Neither TSX Venture Exchange ("TSX-V") nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE 01 Communique Laboratory Inc.