Vancouver, British Columbia – TheNewswire – November 2, 2021 – Ken Hallat, of #208 – 3993 Henning Drive, Burnaby, BC, V5C 6P7, today announced that on October 29, 2021, he acquired ownership of 5,605,334 common shares (“Common Shares”) in the capital of BEACN Wizardry & Magic Inc. (the “Company”), a company with a head office at #301-3450 Uptown Blvd., Victoria, British Columbia, V8Z 0B9. Mr Hallat, directly or indirectly, acquired 5,272,334 Common Shares pursuant to the “qualifying transaction” of the Company (as such term is defined pursuant to the policies of the TSX Venture Exchange) at a deemed price of C$0.16 per Common Share for a deemed aggregate acquisition price of C$843,573.44. Mr. Hallat, together with his associates, acquired an additional 333,000 Common Shares and 166,500 Common Share purchase warrants (“Warrants”) upon conversion of subscription receipts acquired in connection with a non-brokered financing of the Company at a price of C$0.30 per subscription receipt for an aggregate purchase price of C$99,900.
Prior to the acquisition of the Common Shares and Warrants, Mr. Hallat did not own, directly or indirectly, or exercise control or direction over, any securities of the Company.
After the completion of the acquisition of Common Shares, Mr. Hallat now owns, directly or indirectly, or exercises control or direction over, an aggregate of 5,605,334 Shares and 166,500 Warrants, representing approximately 13.10% of the issued and outstanding Shares on a non-diluted basis and 11.34% of the issued and outstanding Shares on a fully-diluted basis.
Mr. Hallat’s acquisition was made for investment purposes. In accordance with applicable securities laws, Mr. Hallat may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of the Company in the open market or otherwise, and reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Company and other relevant factors.
For more information, or to obtain a copy of the subject early warning report, please contact:
Ken Hallat
#208 – 3993 Henning Drive, Burnaby,
BC, V5C 6P7
Telephone: 778-997-5301
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