TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (the “Company” or “SOL Global”) (CSE: SOL) (OTCQ SOLCF) (Frankfurt: 9SB) announces that on December 20, 2021 it acquired ownership of 62,500 common shares (the “Common Shares”) in the capital of Atmofizer Technologies Inc. (“ATMO”) on the Canadian Securities Exchange (the “CSE”) at an average price of CAD$2.618 per Common Share (the “Transaction”). The completion of the Transaction resulted in an increase from approximately 8.34% to approximately 8.42% in SOL Global’s security holding percentage of the issued and outstanding Common Shares on a non-diluted basis. In addition, SOL Global owns 1,299,999 Common Share purchase warrants (the “Warrants”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of USD$3.50 for a period of 24 months from the date of issuance. Assuming that all of the Warrants are each exercised immediately following the completion of the Transaction for one Common Share, SOL Global would have owned approximately 10.00% of the issued and outstanding Common Shares on a partially-diluted basis.
The Company acquired the securities reported herein for investment purposes. The Company may, depending on market and other conditions, increase or decrease its beneficial ownership in ATMO’s securities, whether in