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Superbuzz Inc
Symbol SPZ
Shares Issued 80,584,514
Close 2025-01-02 C$ 0.045
Market Cap C$ 3,626,303
Recent Sedar Documents

Superbuzz investor Erez decreases holdings to 9.41%

2025-01-02 17:24 ET - News Release

Mr. Dror Erez, shareholder, reports

EARLY WARNING NEWS RELEASE

Dror Erez (reporter) has filed an early warning report in connection with the disposition of three million common shares in the capital of Superbuzz Inc.

On Dec. 27, 2024, the reporter disposed of 2,093,000 common shares at a price of 3.5 cents per common share for a total consideration of $73,255 and 525,000 common shares at a price of four cents per common share for a total consideration of $21,000. Then, on Dec. 30, 2024, the reporter disposed of 382,000 common shares at a price of 3.5 cents per common share for a total consideration of $13,370. Cumulatively, the reported disposed of three million common shares for aggregate consideration of $107,625 from Dec. 27, 2024, to Dec. 30, 2024.

Immediately before the disposition, the reporter held, directly or indirectly, beneficial ownership of, or the power to exercise control or direction over, 10,579,985 common shares and 107,290 RSUs (restricted share units) representing 13.13 per cent of all the issued and outstanding common shares on an undiluted basis and 13.24 per cent on a partially diluted basis.

Following the completion of the disposition, the reporter held, directly or indirectly, beneficial ownership of, or the power to exercise control or direction over, 7,579,985 common shares and 107,290 RSUs, representing 9.41 per cent of all the issued and outstanding common shares on an undiluted basis and 9.53 per cent on a partially diluted basis.

The reporter holds the common shares for investment purposes, and may evaluate such investment on a continuing basis and subject to various factors including, without limitation, the company's financial position, the price levels of the common shares, conditions in the securities markets and general economic and industry conditions, the company's business or financial condition, and other factors and conditions that the reporter may deem appropriate. The reporter may increase, decrease or change his ownership over the common shares or other securities of the company.

A copy of the early warning report with additional information in respect of the foregoing matters will be filed on SEDAR+ under the company's profile. For further information, including a copy of the early warning report required under applicable Canadian securities laws to be filed by the reporter as a result of the disposition referred to in this press release, please contact Mr. Erez at telephone 972-54-2191535.

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