pcJ News Briefs – Hao Tang has acquired 3,142,500 Amaya Inc.(TSX: AYA) shares for $69,447,696, to own 23,724,900 Amaya common shares, representing approximately 16.19% of the issued and outstanding common shares.
HAO TANG FILES EARLY WARNING REPORT
MONTREAL, QUEBEC – July 20, 2017 – Since the press release issued on July 6, 2017, Mr. Hao Tang has indirectly acquired additional common shares (“Common Shares”) in the share capital of Amaya Inc. (the “Issuer”), as follows:
The Common Shares acquired in the series of transactions set forth above (the “Transactions”) represent a total of approximately 2.15% of the Issuer’s issued and outstanding Common Shares as of the date of the final Transaction.
Prior to completion of the Transactions, Mr. Tang had indirect beneficial ownership of 20,582,400 Common Shares, which he held through Discovery Key Investments Limited and Uptrend Trade Limited (both wholly owned by Mr. Tang), representing approximately 14.05% of the issued and outstanding Common Shares. As a result of the Transactions, Mr. Tang has indirect beneficial ownership of 23,724,900 Common Shares, representing approximately 16.19% of the issued and outstanding Common Shares on closing of the final Transaction.
Mr. Tang indirectly acquired the additional Common Shares for investment purposes. Depending upon the circumstances, Mr. Tang may, from time to time, acquire additional securities of the Issuer or dispose of all or a portion of the securities of the Issuer previously acquired.
An early warning report containing additional information with respect to the foregoing matters will be filed under the Issuer’s SEDAR profile at www.sedar.com.
Further information or a copy of the early warning report may be obtained by contacting:
18/F Three Exchange Square
Connaught Place, Central
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