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Press Release for Filing of Early Warning Report Regarding NexOptic Technology Corp.

·2-min read

CALGARY, AB, Sept. 25, 2020 /CNW/ - 3DB.Inc (the "Corporation" or "3DB"), a corporation with its head office located at 2008 104 St NW, Edmonton, Alberta T6J 5A8 today announced that on September 25, 2020, 3DB disposed (the "Disposition") of an aggregate amount of 23,101 common shares ("Common Shares") in the capital of NexOptic Technology Corp. ("NexOptic") through the facilities of the TSX Venture Exchange Inc.

As a result of the Disposition, the Corporation's direct ownership percentage in Common Shares and conditional warrants (the "Warrants") in the capital of NexOptic has decreased.

As of February 23, 2019, the effective date of the last early warning report filed by 3DB, 3DB owned and controlled 40,265,798 Common Shares and 3,188,791 Warrants. Following the Disposition, as of the date hereof, 3DB owns and controls 38,351,302 Common Shares and 1,702,637 Warrants.

Pursuant to the calculations required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), following the Disposition, 3DB's ownership of the Corporation since the effective date of the last early warning report decreased by approximately 2.01%, from (after giving effect to further issuances of securities by NexOptic) approximately 29.22% to approximately 27.21% of the outstanding Common Shares on a diluted basis calculated in accordance with the provisions of NI 62-103. All security holding percentages provided herein are based on the issued and outstanding Common Shares of NexOptic as disclosed in the Management Discussion & Analysis for NexOptic for the period ended June 30, 2020.

The required early warning report is being filed on System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com as of the date hereof.

NexOptic is located at located at 1500-409 Granville Street, Vancouver, British Columbia, V6C 1T2.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE NexOptic Technology Corp.

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/September2020/25/c3288.html