Tickers: XTSX:NTQ
Tags: Technology
January 22, 2019 / TheNewswire / Virginia Beach, Virginia - NovaMeric (Pty) Ltd. ("NovaMeric") and prior President, Chief Executive Officer and director, Gerhard Mynhardt ("Mynhardt"), jointly issue this press release pursuant to Early Warning Requirements of National Instrument 62-103 with respect to NovaTeqni Corporation (the "Issuer").
On January 22, 2019, NovaMeric, a company 100% owned by Mynhardt, and Mynhardt jointly disposed of an aggregate of 15,959,398 common shares of the Issuer representing 42.06% of all of the issued and outstanding shares of the Issuer (non-diluted). The shares were sold pursuant to an agreement among NovaMeric, Mynhardt and two arms-length third parties. 13,424,051 of the common shares were disposed of by NovaMeric and 2,535,347 common shares of the Issuer were disposed of by Mynhardt. Prior to this disposition, NovaMeric owned 13,424,051 common shares of the Issuer and Mynhardt owned 2,535,347 common shares of the Issuer. Following this disposition, NovaMeric and Mynhardt will own no common shares of the Issuer.
The common shares of the Issuer are listed on the TSX Venture Exchange under the trading symbol "NTQ" and the OTC Market under the symbol NVTQF.
For further information or to receive a copy of the early warning report filed by NovaMeric and Mynhardt with securities regulatory authorities in Canada in connection with this press release, please contact Gerhard Mynhardt, Managing Director of NovaMeric at +27 11 706 5548
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