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Carrier Connect Data Solutions Inc
Symbol CCDS
Shares Issued 25,459,916
Close 2026-02-06 C$ 1.90
Market Cap C$ 48,373,840
Recent Sedar+ Documents

Carrier Connect CEO Binns owns 1.95 million shares

2026-02-06 18:24 ET - News Release

Mr. Mark Binns reports

NEWS RELEASE FOR EARLY WARNING REPORT REGARDING CARRIER CONNECT DATA SOLUTIONS INC.

Mark Binns, of Vancouver, B.C., has acquired ownership of 6,500 common shares in the issued and outstanding capital of Carrier Connect Data Solutions Inc. on the secondary market for an aggregate purchase price of $11,635.

As previously announced by the company, on Dec. 23, 2025, the company issued common shares from treasury. Following the issuance, the beneficial ownership of Mr. Binns in the common shares, being the securities subject to the most recent report required to be filed by Mr. Binns in respect of the company under National Instrument 62-104, Take-Over Bids and Issuer Bids, and National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, fell by over 2 per cent of the issued and outstanding common shares. The dilution arose solely as a result of the issuance without any action being taken by Mr. Binns. Mr. Binns was exempt from the early warning requirements pursuant to Section 6.1(2) of NI 62-103 at the time of the issuance and resulting dilution. As a result of the acquisition, Mr. Binns may no longer rely on the exemption under Section 6.1(2) of NI 62-103.

Immediately prior to completion of the acquisition, Mr. Binns had ownership of 1,953,156 common shares and 870,000 stock options, with each option entitling Mr. Binns to acquire one common share, representing approximately 7.67 per cent of the issued and outstanding common shares (or 10.56 per cent on a partially diluted basis). Following completion of the acquisition, Mr. Binns has ownership of 1,959,656 common shares and 870,000 options, representing approximately 7.7 per cent of the issued and outstanding common shares (or 11.11 per cent on a partially diluted basis) .

The acquisition was made for investment purposes. In accordance with applicable securities laws, Mr. Binns may, from time to time and at any time, acquire additional shares and/or other equity, debt, or other securities or instruments of the company, in the open market or otherwise, and reserves the right to dispose of any or all of his securities, in the open market or otherwise, at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of the company, and other relevant factors.

The early warning report relating to the transactions contemplated hereby will be filed on SEDAR+ under the company's profile.

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