Raj Chowdhry Announces Holdings in AsiaBaseMetals Inc.

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+1 year archive
Canadian Market INK weekly newsletter
+1 year archive
3 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
No requirement to accept commercial emails from us
30-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
No requirement to accept commercial emails from us
30-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you cancel with-in 30 days of first subscribing, we will refund your payment upon request. After cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Raj Chowdhry Announces Holdings in AsiaBaseMetals Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 6, 2017) - Raj Chowdhry announces his holdings in AsiaBaseMetals Inc. ("AsiaBaseMetals" or the "Company") (TSX VENTURE:ABZ) pursuant to the early warning requirements of applicable securities laws in Canada. Raj Chowdhry sold 200,000 common shares in the capital of the Company (the "Shares") through the facilities of the TSX Venture Exchange. Immediately after the sale of the Shares, which settled on October 5, 2017, Mr. Chowdhry held 11,695,730 common shares in the capital of the Company, which represents 48.46% of the Company's 24,133,685 issued and outstanding common shares on a non-diluted basis or 48.89% of the Company's issued and outstanding common shares on a partially-diluted basis assuming the exercise of Mr. Chowdhry's incentive stock options only. Immediately before the sale of the Shares, Mr. Chowdhry beneficially owned and controlled a total of 11,895,730 common shares in the capital of the Company, representing 49.29% of the Company's issued and outstanding common shares on a non-diluted basis. Aggregate consideration of $38,000 ($0.19 per Share) was received by Mr. Chowdhry in connection with the transaction. Mr. Chowdhry disposed of the Shares for investment purposes and, as disclosed in the early warning report accompanying this news release, intends to evaluate his investment in the Company and to increase or decrease his beneficial shareholdings from time to time as he may determine appropriate for investment purposes.

For additional information, or for a copy of the early warning report filed in respect of the above transaction, please contact Raj Chowdhry.

Raj Chowdhry
Tel: (604) 765-2030

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).