This is a snippet from 24 June warning on SEDAR, use the link in the company description above to access the article. B
Hongxue Fu and Jianwen Zheng (both of
whom collectively beneficially own all of the issued and outstanding shares of the Offeror),
holds an additional 2,083,333 common shares of Mosquito (the “Ivy Shares”) and
2,083,333 share purchase warrants (the “Ivy Warrants”). Each Ivy Warrant entitles the holder to
purchase an additional Mosquito Share at a price of $0.30 per common share for a period of two
years. The IEMR Shares and Ivy Shares collectively represent 18.32% of the Mosquito Shares
(21.01% assuming the exercise of the Ivy Warrants).
4. The designation and number or principal amount of securities and the percentage of
outstanding securities of the class of securities referred to in paragraph 3 over which
(i) the Offeror, either alone or together with any joint actors, has ownership and
control
11,173,333 Mosquito Shares representing approximately 18.32% of the 61,006,181 issued and
outstanding Mosquito Shares (13,256,666 Mosquito Shares assuming the exercise of the Ivy
Warrants).
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