Toronto, Ontario--(Newsfile Corp. - April 23, 2025) - Mr. G. Scott Paterson today announced that he acquired 4,995,652 Units of The FUTR Corporation (TSXV: FTRC) as part of a private placement financing in which a total of 34,782,609 Units were issued by the Company for gross proceeds of $4,000,000.
Following the acquisition of the aggregate Units, Mr. Paterson owns, directly or exercises control or direction over 8,274,104 common shares of FUTR, representing 8.6% on a non-diluted basis; however, assuming the exercise of Mr. Paterson's 1,500,000 stock options and 2,497,826 warrants into common shares, Mr. Paterson beneficially owns directly or exercises control or direction over 12,271,930 common shares representing 12.1% on a partially diluted basis. Immediately prior to the acquisition of the Purchased Units, Mr. Paterson had beneficial ownership over 3,278,451 common shares of The FUTR Corporation representing approximately 5.4% of the outstanding common shares of The FUTR Corporation on an undiluted basis.
Mr. Paterson has 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 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 the Company, whose head office is located at 66 Wellington Street West, Suite 4100, Toronto, Ontario, 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+ at www.sedarplus.ca.
For more information please contact Mr. Paterson at spaterson@patersonpartners.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249505
SOURCE: G. Scott Paterson
