Mezzi CEO Reynolds acquires 2.22 million company shares

2015-03-30 21:45 ET - News Release


REYNOLDS ACQUIRES ADDITIONAL SHARES
Pursuant to a private share transfer agreement, Keir Reynolds, chief executive officer of Mezzi Holdings Inc., has acquired ownership, control and direction over 2,224,500 common shares of the company, representing 5.8 per cent of the issued and outstanding common shares of the company, at an effective price of 14 cents per share.

Following the acquisition, Mr. Reynolds has ownership, control and direction over 3,602,500 common shares, representing 9.4 per cent of the issued and outstanding common shares of the company, and 550,000 share purchase options. Assuming exercise of all of the share purchase options held by Mr. Reynolds, he would have ownership, control and direction over 4,152,500 common shares, representing 10.9 per cent of the issued and outstanding common shares. Mr. Reynolds also exercises control and direction over 1,327,500 common shares of the company held by Mammoth Market Advisory Corp. When combined with Mr. Reynolds's existing holdings, and assuming exercise of all share purchase options held by Mr. Reynolds, he would have control and direction over 5.48 million common shares, representing 14.3 per cent of the issued and outstanding common shares.

Mr. Reynolds has advised the company that he has acquired the shares for investment purposes, and may in the future acquire or dispose of shares as circumstances or market conditions warrant. A copy of the early warning report filed with the applicable securities regulators regarding the acquisition is available under the company's SEDAR profile.
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