Toronto, Ontario--(Newsfile Corp. - May 10, 2024) - THS Maple Holdings Ltd. (TSXV: YAY.P) (formerly Toronto Cleantech Capital Inc.) (the "Corporation") announces that further to its press release, dated April 26, 2024, and in connection with the closing of its qualifying transaction (the "Qualifying Transaction") (as defined by Policy 2.4 of the TSX Venture Exchange), Belweather Capital Partners Inc. ("Belweather"), a company wholly-owned by David Beutel, and Debric Holdings Inc. ("Debric"), a company wholly-owned by Eric Beutel, holds 11,592,908 common shares of the Corporation and 11,797,584 common shares of the Corporation (the "Common Shares"), respectively.
Following the Qualifying Transaction, David Beutel, through Belweather, acquired control of 11,592,908 Common Shares and holds 57,486 options directly, representing approximately 19.21% of the issued and outstanding Common Shares on an undiluted basis, and 19.30% on a fully-diluted basis. Eric Beutel, through Debric, acquired control of 11,797,584 Common Shares and holds 1,000,000 options directly, representing approximately 19.55% of the issued and outstanding Common Shares, on an undiluted basis and 19.71% on a fully-diluted basis. Daivd Beutel, through Belweather, and Eric Beutel, through Debric, hold their Common Shares for investment purposes, and may evaluate such investment on an ongoing basis and subject to various factors including, without limitation, the Corporation's financial position, the price levels of the Common Shares, conditions in the securities markets and general economic and industry conditions, the Corporation's business or financial condition, and other factors and conditions that they may deem appropriate. Daivd Beutel and Eric Beutel may increase, decrease or change its ownership over the Common Shares or other securities of the Corporation.
Additional Information
A copy of the Early Warning Reports, prepared pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues will be available under the Corporation's profile on SEDAR+ at www.sedarplus.ca.
For more information, please contact:
THS Maple Holdings Ltd.
David Beutel, Chairman
david@oakwest.ca
(647) 401-8834
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Corporation does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither the TSX Venture Exchange 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.
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SOURCE: THS Maple Holdings Ltd.
