03:45:30 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Pangea Natural Foods Inc (2)
Symbol PNGA
Shares Issued 28,172,007
Close 2025-04-24 C$ 0.29
Market Cap C$ 8,169,882
Recent Sedar Documents

Pangea Natural director Sandhu holds 427,084 shares

2025-04-24 19:54 ET - News Release

Subject: For Immediate Release - NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES PDF Document

File: Attachment 20250424_PNGA_Pratap_NR_FINAL.pdf

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

NEWS RELEASE

PRATAPVIR SANDHU ANNOUNCES DECREASE IN HOLDINGS OF PANGEA NATURAL FOODS INC.

Vancouver, British Columbia, April 24, 2025 Pratapvir Sandhu (the "Acquiror"), a director and officer of Pangea Natural Foods Inc. (the "Issuer"), announces that he has filed an early warning report (the "Early Warning Report") in connection with a change in his ownership and control of common shares of the Issuer.

The requirement to file the Early Warning Report was triggered by two events:

Dilution Following a Treasury Issuance by the Issuer: The Issuer issued additional common shares from treasury, increasing its issued and outstanding share capital from 14,372,007 to 28,172,007. This issuance resulted in the Acquiror's securityholding percentage falling below 10% of the Issuer's outstanding common shares on a partially diluted basis. No early warning report was filed at that time, as no securities were acquired or disposed of by the Acquiror.

Subsequent Disposition of Common Shares: Following the dilution, the Acquiror disposed of an aggregate of 1,920,000 common shares of the Issuer, representing a further decrease in his securityholdings (the "Transaction"). The common shares were sold pursuant to private sale agreements at a price of $0.10 per share to arm's length purchasers, and consisted of:

dot 420,000 common shares held indirectly through a company controlled by the Acquiror; and

dot 1,500,000 common shares held directly by the Acquiror.

Prior to the Transaction of the common shares the Acquiror beneficially owned or exercised control or direction over 2,347,751 common shares of the Issuer (including 166,667 stock options), representing approximately 8.87% of the Issuer's then-outstanding common shares on a partially diluted basis.

Following the Transaction, the Acquiror beneficially owns or exercises control or direction over 427,084 common shares of the Issuer (consisting of 427,084 shares held directly and 166,667 stock options), representing approximately 1.51% of the Issuer's outstanding common shares on a partially diluted basis.

The securities were disposed of for investment purposes. The Acquiror may, depending on market and other conditions, increase or decrease his beneficial ownership of or control or direction over the Issuer's securities through market transactions, private agreements, treasury issuances, or otherwise.

The Acquiror may in the future acquire or dispose of securities of the Issuer, through the market, privately or otherwise, depending on market conditions or other relevant factors. - 2 -

An early warning report will be filed under the Company's profile on SEDAR+ and will be available at www.sedarplus.ca.

Additional Information A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting: Pratapvir Sandhu, 12181 New McLellan Road, Surrey, British Columbia, V3X 2X8, Tel: (604) 765-8069.

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