TORONTO, June 24,
2022 /CNW/ - Spitfyre Capital Inc. (TSXV: FYRE) –
Gordon McMillan (the
"Acquiror"), a director of Spitfyre Capital Inc. (the
"Corporation"), announces in accordance with the
requirements of National Instrument 62-103 – The Early Warning
System and Related Take-Over Bid and Insider Reporting Issues
and applicable Canadian securities legislation (collectively,
"NI 62-103") that on June 23,
2022 he acquired beneficial ownership of an aggregate of
296,000 common shares in the capital of the Corporation (the
"Common Shares") on the TSX Venture Exchange (the
"TSXV") for total consideration of $65,120.00 or $0.22
per Common Share (the "Acquisition"). Prior to the
Acquisition, the Acquiror beneficially owned 481,000 Common Shares,
representing approximately 8.3652% of the Corporation's issued and
outstanding Common Shares. On June 23,
2022, the Acquiror acquired beneficial ownership of 296,000
Common Shares, which resulted in the cumulative acquisition of
777,000 Common Shares, representing approximately 13.5130% of the
Common Shares issued and outstanding immediately after the
completion of the Acquisition, thereby triggering the requirement
to file an early warning report under NI 62-103.
While the Acquiror currently has no plans or intentions with
respect to the Common Shares, depending on market conditions,
general economic and industry conditions, trading prices of the
Common Shares, the Corporation's business, financial condition and
prospects and/or other relevant factors, the Acquiror may develop
such plans or intentions in the future and, at such time, may from
time to time acquire additional Common Shares, dispose of some or
all of the existing or additional Common Shares or may continue to
hold the Common Shares.
A copy of the early warning report filed by the Acquiror will be
available on the Corporation's SEDAR profile at www.sedar.com or
may be obtained by contacting Matthew
McMillan at matthew@spitfyrecapital.com or (905) 484-7698.
The Corporation's head office is located at 100 King Street West,
Suite 1600, Toronto, Ontario, M5X
1G5.
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 Spitfyre Capital Inc.