Mr. Scott Paterson, a shareholder, reports
G. SCOTT PATERSON ACQUIRES ADDITIONAL FUTR SHARES TRIGGERING EARLY WARNING REQUIREMENTS
G. Scott Paterson acquired 197,500 common shares of The Futr Corp. at an average price of 30 cents per common share.
On Sept. 12, 2025, Mr. Paterson disclosed that his beneficial ownership in Futr exceeded 10 per cent as a result of his holdings of common shares, vested stock options and warrants. Subsequently, Futr completed a $6.5-million financing at 30 cents per unit, of which Mr. Paterson purchased 700,000 units for $210,000. Consequently, as a result of dilution from the financing, Mr. Paterson's percentage ownership decreased to below ten percent.
In addition to the 700,000 units purchased in the 30-cent financing, Mr. Paterson has since acquired 1,162,500 common shares, paying between 25 cents to 36 cents for each common share. As a result, Mr. Paterson owns, directly or exercises control or direction over a total of 10,334,103 common shares of Futr, representing approximately 8.3 per cent on a non-diluted basis and 10.5 per cent on a partially diluted basis, assuming the exercise of 228,768 vested stock options and 2,847,826 warrants into common shares.
Mr. Paterson acquired control and direction of these Futr shares for investment purposes. Depending on market conditions and other factors, Mr. Paterson may from time to time acquire and or dispose of securities of Futr or may continue to hold his current position.
This news release is being issued as required by National Instrument 62-104 -- Take-Over Bids and Issuer Bids and relates to Futr, whose head office is located at 66 Wellington St. West, suite 4100, Toronto, Ont., M5K 1B7, and to Mr. Paterson. A copy of Mr. Paterson's early warning report, required to be filed by him in connection with his acquisition of control and direction over these shares of Futr, will be available on SEDAR+.
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