03:17:42 EST Thu 02 Feb 2023
Enter Symbol
or Name
USA
CA



Marble Financial Inc
Symbol MRBL
Shares Issued 93,595,153
Close 2022-12-06 C$ 0.08
Recent Sedar Documents

Marble investor Pacific increases shareholding to 11.7%

2022-12-06 17:29 ET - News Release

Mr. Michele Marrandino of Pacific West reports

Pacific West Mercantile Corp. (PWM) of P.O. Box 3566, Station Terminal, Vancouver, B.C., has provided the following with respect to the common shares of Marble Financial Inc., a company having an address at Suite 404, 999 Canada Place, Vancouver, B.C., V6C 3E2.

On Nov. 28, 2022, PWM participated in a private placement of securities from the issuer's treasury, and acquired ownership and control over 2,787,530 units of the issuer. Each unit comprised one share and one-half of a warrant to acquire a share at an exercise price of 11 cents. PWM's securityholding percentage (including joint actors) in the shares increased from 9.9 per cent prior to the transaction to 11.7 per cent after the transaction.

Immediately before the transaction, PWM and joint actors held 9,312,386 shares, 325,000 restricted warrants and 750,000 stock options of the issuer, representing a securityholding percentage in the shares of 9.9 per cent. Immediately after the transaction, PWM and joint actors held 12,099,916 shares, 1,393,765 warrants, 325,000 restricted warrants and 750,000 stock options of the issuer, representing a securityholding percentage in the shares of 11.7 per cent.

The consideration paid for the acquired securities was seven cents per unit or $195,127.10 in total. PWM acquired the acquired securities for investment purposes. In the future, PWM may acquire additional securities of the issuer or dispose of securities of the issuer through the market or otherwise subject to a number of factors, including, but not limited to, general market and economic conditions, alternative investment and business opportunities, portfolio and liquidity considerations, and other circumstances.

A copy of Form 62-103F1 -- Early Warning Report in respect of the transaction may be obtained on-line on SEDAR under the issuer's SEDAR profile or from Michele Marrandino at 604-336-0185 extension 104.

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