Vancouver, British Columbia (FSCwire) – Bei Nie announces that she acquired (the “Acquisition“) ownership of 23,919,447 common shares of Astron Connect Inc. (the “Company“), of Suite 2368 – 666 Burrard Street, Vancouver, BC, V6C 2X8, on August 28, 2018. The Acquisition represents 47.08% of the currently issued and outstanding shares of the Company.
As of the date hereof, after giving effect to the Acquisition, Ms. Nie beneficially owns, or exercises control or direction over 23,919,447 common shares of the Company representing approximately 47.08% of the currently issued and outstanding shares of the Company.
The acquisition of the shares was for investment purposes. Ms. Nie has a long-term view of the investment and may acquire additional shares of the Company either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Corporation is a reporting issuer containing information with respect to the foregoing matters (the “Early Warning Report“). A copy of the Early Warning Report will appear with the Company’s documents on SEDAR (www.sedar.com) and may also be obtained by contacting Ms. Nie at 604 620-2092.