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TORONTO, ONTARIO--(Marketwired - Feb 19, 2016) - On February 18, 2016, Scott Anderson (the "Offeror") acquired ownership and control of 620,000 common shares of Niagara Ventures Corporation (the "Issuer"), and his spouse, Catherine Brenner, acquired ownership and control of 888,579 common shares of the Issuer. In total, the Offeror and Ms. Brenner acquired 1,508,579 common shares of the Issuer (the "Acquired Shares"), representing 7.6% of the issued and outstanding common shares of the Issuer.
Immediately following the acquisition of the Acquired Shares, the Offeror (together with Ms. Brenner) owns and controls 2,716,359 common shares of the Issuer, representing 13.6% of the issued and outstanding common shares of the Issuer (or 3,056,359 common shares of the Issuer, representing 15.1% of the issued and outstanding common shares of the Issuer, assuming the exercise of all options held by the Offeror).
The Acquired Shares were acquired by way of private agreement. The Offeror paid an aggregate of $31,000 for his Acquired Shares ($0.05 per Acquired Share) and Ms. Brenner paid an aggregate of $44,428.95 for her Acquired Shares ($0.05 per Acquired Share).
The Offeror and Ms. Brenner acquired the Acquired Shares for investment purposes only. The Offeror or Ms. Brenner may in the future take such actions in respect of their holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional common shares or other securities of the Issuer through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Issuer is a reporting issuer containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will be filed under the SEDAR profile of the Issuer at www.sedar.com.
A copy of the Early Warning Report may also be obtained by contacting Scott Anderson at: (647) 882-2647.