TORONTO, June 25, 2018 (GLOBE NEWSWIRE) -- Stephen D. Case (“Case”) announces that on June 25, 2018 he purchased 1,375 common shares (the “Acquired Shares”) of Fox River Resources Corporation (the “Corporation”) (CSE:FOX), representing approximately 0.003% of the currently issued and outstanding common shares of the Corporation (“Common Shares”). The Acquired Shares were purchased by way of market purchase through the facilities of the Canadian Securities Exchange at a price of $0.06 per share, for an aggregate purchase price of $82.50.
Immediately prior to purchasing the Acquired Shares, Case beneficially owned and exercised control or direction over, a total of 8,070,463 Common Shares, representing approximately 19.551% of the outstanding Common Shares. As of the date hereof, after giving effect to the purchase of the Acquired Shares, Case beneficially owns and exercises controls or direction over a total of 8,071,838 Common Shares (“Existing Shares”), representing approximately 19.555% of the issued and outstanding Common Shares. This represents an increase of approximately 2.001% above the shareholding percentage reported in the previous early warning news release dated May 20, 2016. Case also holds options to acquire an additional 800,000 Common Shares. If the options were exercised, Case would beneficially own, or exercise control or direction over, 8,871,838 Common Shares, representing approximately 21.084% of the Common Shares which would be issued and outstanding following such exercise.
The Existing Shares were acquired for investment purposes, pursuant to the normal course purchase exemption from formal take-over bid requirements. Case may, from time to time on an individual or joint basis, acquire additional securities of the Corporation, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position. Case is not party to any agreements, arrangements, commitments or understandings with any person with respect to the Common Shares, including but not limited to the transfer or the voting of any Common Shares, finder’s fees, joint ventures, loan or option arrangements, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found at www.sedar.com.
For further information or to obtain a copy of the early warning report filed in connection with this matter, please contact:
Stephen D. Case
400 Wellington Street West, Suite 609
Toronto, ON M5V 0B5
Phone: (416) 972-1167
Email: mckmining@msn.com