Stephen Wallace P.Geo Announces Filing of Early Warning Report Related to the Acquisition of Common Shares of Searchlight Resources

Ad blocking detected

Thank you for visiting 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 if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 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

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

DUNDAS, ON / ACCESSWIRE / October 29, 2019 / Stephen Wallace (the "Acquiror") announces the acquisition of an aggregate of 1,340,000 Units of Searchlight Resources Inc. (TSXV:SCLT) ("SCLT" or the "Company") with each Unit consisting of one common share and one share purchase warrant. Each warrant is exercisable for a period of two years from the date of issue at a price of $.05 cents per common share (the "Purchased Securities").

Prior to the recent transaction Mr. Wallace, President, CEO and Director of the Company held 2,507,333 common shares which represented 8.47% of the outstanding common shares. Subsequent to the recent acquisition of common shares the Acquiror now owns an aggregate of 3,847,333 common shares of the Company which represents 12.39% of the issued and outstanding common shares.

The Purchased Securities were purchased and are presently being held for investment purposes. In the future, the Acquiror may acquire additional securities of the Company or dispose of such securities subject to a number of factors, including general market and economic conditions and other available investment and business opportunities.

A copy of the early warning report to be filed by the Acquiror will be available on SEDAR under the Issuer's profile on

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content thereof.

For further information, contact:

Stephen Wallace P.Geo
Telephone: (905) 627-8786

SOURCE: Stephen Wallace

View source version on

Comment On!

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 (via Easy Blurb).