Subject: news dissemination for Wave Force Electronics Inc.
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File: '\\swfile\EmailIn\20241209 113025 Attachment 20241209 New Release - Wave Force Files EWR.DOCX'
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Wave Force Electronics Inc.
201-895 Station Avenue
Victoria, British Columbia V9B 2S2
News Release
Wave Force Electronics Inc. Files Early Warning Report
December 9, 2024
Wave Force Electronics Inc. ("Wave Force") has filed an early warning report dated December 9, 2024 advising of their holdings in Frequency Exchange Corp. (the "Issuer" ) ("Frequency").
Wave Force acquired ownership of 667,000 Common shares in the capital of Frequency ("Shares") and 667,000 share purchase warrants ("Warrants") at a price of $0.15 per unit for an aggregate consideration of $100,000 (the "Acquisition").
Following the Acquisition, Wave Force owns 17,281,285 common shares representing approximately 36.50% of the issued and outstanding commons shares on a non-diluted basis. Assuming exercise 667,000 Warrants, Wave Force would have ownership and control over 17,948,285 common shares of Frequency representing approximately 37.39% of the issued and outstanding Frequency common shares.
Wave Force is encouraged by the activity and advancements that Frequency Exchange Corp has made over the last year and for this reason, Wave Force continues to acquire shares and will continue to develop technology in support of FREmedica in its efforts to support and build markets for "NIKKI Wellness Technology" that delivers frequency enhanced Wellness Programs to the wellness markets around the world.
The Acquisition was for investment purposes and Wave Force may increase or decrease its beneficial ownership or control depending on market or other conditions.
This news release is being issued in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated December 9, 2024. The early warning report in respect of the Acquisition has been filed on SEDAR+ (www.sedarplus.ca).
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