Mr. David Bartch reports
EARLY WARNING NEWS RELEASE REGARDING DEBT SETTLEMENT BY DAVID JOSHUA
BARTCH IN NOVERIS HEALTH SCIENCES INC.
David Joshua Bartch (the reporting person) is filing
this news release pursuant to the early warning requirements of National Instrument 62-103, Early Warning
System and Related Take-Over Bid and Insider Reporting Issues, in connection with certain
dispositions of common shares of Noveris Health Sciences Inc.
Immediately prior to the transactions described below, the reporting person had beneficial ownership of, and
control or direction over, an aggregate of 6,827,419 common shares, representing approximately 11.66 per cent of
the 58,548,051 issued and outstanding common shares of the issuer on a non-diluted basis.
On March 18, 2026, the reporting person completed the following two transactions:
-
Transfer to Phantom Technologies Corp.: The reporting person transferred 3,047,900 common
shares to Phantom Technologies, a corporation controlled by the reporting
person, for nil consideration. Immediately following the Phantom
transfer, the reporting person continued to exercise control or direction over the 3,069,900 common
shares held by Phantom by virtue of his control of Phantom.
- Arm's-length disposition: The reporting person transferred 3.75 million common shares to
arm's-length parties for nil consideration.
Immediately following completion of both March 18, 2026 transactions, the reporting person had beneficial
ownership of, and control or direction over, an aggregate of 3,077,419 common shares, representing
approximately 5.26 per cent of the issued and outstanding common shares, comprising 7,519 common shares
held directly by the reporting person and 3,069,900 common shares held by Phantom.
The arm's-length disposition caused the reporting person's securityholding percentage to decrease from
approximately 11.66 per cent to approximately 5.26 per cent, triggering the requirement to file an early warning report
under National Instrument 62-103.
On April 20, 2026, Phantom sold 3,047,900 common shares to Haytop Digital Services Ltd., a
corporation that is at arm's length to the reporting person, for aggregate consideration of $4,571,850, being
$1.50 per common share.
As of the date of this news release, the reporting person has beneficial ownership of, and control or direction
over, an aggregate of 29,519 common shares, representing approximately 0.05 per cent of the 58,548,051 issued
and outstanding common shares of the issuer on a non-diluted basis. The reporting person holds no
convertible securities of the issuer.
Following completion of the Phantom sale, the reporting person no longer had beneficial ownership of, or
control or direction over, the 3,047,900 common shares previously held by Phantom.
The transactions described above were completed for personal, private and investment-related purposes. The
reporting person holds the remaining 29,519 common shares for investment purposes. Depending on market
conditions and other relevant factors, the reporting person may, from time to time, acquire additional
securities of the issuer or dispose of securities of the issuer in the open market, by private agreement or
otherwise.
Other than as described in this news release, the reporting person has no current plans or intentions that relate
to or would result in any of the transactions or changes described in Form 62-103F1, including any merger,
reorganization, material change to the issuer's business or capital structure, change of board or management,
or any other matter of a similar nature.
A copy of the early warning report filed by the reporting person in connection with the transactions described
above is available under the issuer's profile on SEDAR+.
For further information regarding this news release, please contact Mr. Bartch, whose address is located at 151 C. de San Francisco, San Juan, 00901. A copy of the early
warning report to which this news release relates can be obtained from Mr. Bartch at 1-303-246-2483 or by e-mail at bartchjosh@gmail.com or on the company's SEDAR+ profile.
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