Brigade Resource Corp.: Early Warning News Release
21.07.2017 | The Newswire
Vancouver, July 21, 2017: Slawomir Smulewicz ("Mr. Smulewicz"), the President, Chief Executive Officer and a director of Green 2 Blue Energy Corp., formerly Brigade Resource Corp. (the "Issuer") 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.Mr. Smulewicz advises that on July 21, 2017, he acquired ownership and control of 16,700,002 common shares in the capital of the Issuer, at a deemed issuance price of $0.10 per share. The acquisition was made pursuant to a share exchange agreement dated January 16, 2017, whereby the Issuer purchased all of the issued and outstanding shares of G2BE Canada Inc., formerly Green 2 Blue Energy Corp., (the "Transaction") in consideration and exchange for common shares of the Issuer (the "G2BE Shares"). The Transaction did not occur on a stock exchange or other market that represents a published market for securities.
Immediately before the completion of the Transaction, Mr. Smulewicz did not beneficially own or control any G2BE Shares. As a result of the Transaction, Mr. Smulewicz beneficially owns and controls 16,700,002 G2BE Shares representing approximately 31.17% of the currently issued and outstanding G2BE Shares.
Upon the completion of the Transaction, the Issuer became engaged in the production of wood pellets used for generating heat and power, at its facility in Rzeczenica, Poland. Management of the Issuer, led by Mr. Smulewicz, is currently working to evaluate potential business opportunities in the renewable energy sector.
Mr. Smulewicz acquired the G2BE Shares for investment purposes. However, Mr. Smulewicz will review his holdings from time to time and may, in the future, increase or decrease his 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 1518 - 800 West Pender Street, Vancouver, British Columbia, V6C 2V6
For more information contact:
Slawomir Smulewicz
(604) 428 4725
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