Early Warning Press Release

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(TheNewswire)



 

Vancouver, British Columbia – TheNewswire - January 28, 2020, Roslyn Ritchie-Derrien (the "Acquiror") makes the following announcement in accordance with National Instrument 62-103 The Early Warning System and Related Take Over Bids and National Instrument 62-104 Take-Over Bids and Issuer Bids.

 

The Acquiror, who is nominated as a director of Cava Healthcare Inc. (the "Issuer") for election at an annual general and special meeting of shareholders to be held on January 31, 2020, advises that on January 23, 2020, she acquired beneficial ownership of, and control over, 600,000 units in the capital of the Issuer (each, a "Cava Unit"), each Cava Unit consisting of one common share in the capital of the Issuer (each, a "Cava Share") and one common share purchase warrant (each, a "Cava Warrant"), at a price of $0.25 per Cava Unit (the "Acquisition").  The Acquisition was made pursuant to the second tranche of a non-brokered private placement dated January 23, 2020, whereby Copperstone Ventures Ltd. ("Copperstone"), a corporation owned and controlled by the Acquiror, acquired 600,000 Cava Units pursuant to a subscription agreement between the Issuer and Copperstone.  The Cava Shares and the Cava Warrants are not listed for trading on a stock exchange or other market that represents a published market for securities.

 

Immediately prior to the Acquisition, the Acquiror beneficially owned and controlled 400,000 Cava Shares and 400,000 Cava Units representing approximately 20.44% (33.94% on a partially diluted basis) of the then issued and outstanding Cava Shares.  As a result of the Acquisition, the Acquiror beneficially owns and controls 37.85% (54.92% on a partially diluted basis) of the currently issued and outstanding Cava Shares.

 

The change in the Acquiror's securityholding percentage is 17.41% (20.98% on a partially diluted basis) of the issued and outstanding Cava Shares.

 

The Acquiror acquired the Cava Shares for investment purposes.  However, the Acquiror will review her holdings from time to time and may, in the future, increase or decrease her ownership or control over securities of the Issuer as circumstances dictate.

 

An early warning report will be filed under the Issuer's profile on the SEDAR website at www.sedar.com.  A copy of the early warning report can also be obtained from the contact below.

 

The Issuer's head office is located at 404 – 1688 152nd Street, South Surrey, British Columbia, V4A 4N2.

 

For more information contact:

 

Roslyn Ritchie-Derrien

(604) 671-4773

 

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