EDMONTON, ALBERTA -- (Marketwired) -- 01/30/15 -- As previously reported in the System for Electronic Disclosure by Insiders (SEDI), Brian Allan Halina (the "Investor") announces that he holds 2,004,000 common shares ("Common Shares") in the capital of Quantum International Income Corp. ("Quantum") and 500,000 common share purchase warrants ("Warrants") of Quantum exercisable into 500,000 Common Shares. In addition, the Investor controls over 3,786,000 Common Shares and 1,000,000 Warrants exercisable into 1,000,000 Common Shares through Balm Management Enterprises Ltd. ("HoldCo"), a corporation wholly owned and controlled by the Investor and his wife, Lois Halina.
Private Placement Acquisitions
On March 20, 2014, the Investor acquired, pursuant to a non-brokered private placement, units of Quantum at a price of $0.05 per unit (with each unit comprised of one Common Share and one common share purchase warrant of Quantum ("Warrant")): (i) ownership over 500,000 Common Shares and 500,000 Warrants; and (ii) control over 1,000,000 Common Shares and 1,000,000 Warrants through HoldCo.
On August 11, 2014, pursuant to a private placement (the "August Private Placement") offering of subscription receipts of Quantum ("Subscription Receipts"), the Investor acquired: (i) ownership over 1,504,000 Subscription Receipts at a price of $0.35 per Subscription Receipt; and (ii) control over 2,786,000 Subscription Receipts through HoldCo at a price of $0.35 per Subscription Receipt (collectively, the holdings of the Investor and HoldCo acquired on August 11, 2014 are the "Purchased Securities"). Under the terms of the Subscription Receipts, each Subscription Receipt automatically converted into one Common Share on August 28, 2014.
On August 11, 2014, immediately following the closing of the Private Placement, the Investor had: (i) ownership over 1,504,000 Subscription Receipts, 500,000 Common Shares and 500,000 Warrants; and (ii) control over 2,786,000 Subscription Receipts, 1,000,000 Common Shares and 1,000,000 Warrants through HoldCo.
Immediately following the closing of the August Private Placement, the Investor had, after giving effect to the August Private Placement, ownership or control, in the aggregate, over 1,500,000 Common Shares, 1,500,000 Warrants and 4,290,000 Subscription Receipts, representing 7,290,000 Common Shares (assuming the full exercise into Common Shares of the 1,500,000 Warrants owned or controlled by the Investor and the full conversion into Common Shares of the 4,290,000 Subscription Receipts owned or controlled by the Investor), or 22.3% of the 32,750,105 issued and outstanding Common Shares (on a partially diluted basis after giving effect to the full exercise into Common Shares of the 1,500,000 Warrants owned or controlled by the Investor and the full conversion into Common Shares of the 4,290,000 Subscription Receipts owned or controlled by the Investor).
Investment Purpose
The Investor acquired the securities of Quantum for investment purposes. The Investor may increase or decrease its ownership interest in Quantum depending on, among other factors, market conditions and other factors relevant to the Investor's investment decisions. The Investor has no current intention to increase its ownership of, or control or direction over, additional securities of Quantum.
The Quantum Shares trade on the TSX Venture Exchange under the symbol "QIC".
An early warning report in respect of the above-noted transaction or occurrence will be filed on the System for Electronic Document Analysis and Retrieval (SEDAR) under the issuer profile of Quantum.
Contacts:
Brian Allan Halina
9220 39 Avenue NW
Edmonton, Alberta, Canada T6E 5T9
