Canada NewsWire
TORONTO, Feb. 12, 2019
TORONTO, Feb. 12, 2019 /CNW/ - Anson Advisors Inc. today issued the following statement regarding Acasta Enterprises Inc. (TSX: AEF):
We have serious concerns about the news release issued by Acasta Enterprises Inc. on Friday, February 8, 2019 disclosing that Acasta has agreed to convert high yield, secured indebtedness held by WFI Inc., a company controlled by Charles Wachsberg and Richard Wachsberg, directors and co-CEOs of Acasta, into Class B shares of Acasta at a significant discount to the current market price. The Wachsbergs were appointed to the board and as co-CEOs on December 21, 2018 upon the resignation of Acasta's independent directors and CEO.
Anson's concerns include the following:
In light of the above, Anson has requested that the TSX exercise its direction to require that Acasta obtain disinterested shareholder approval as a condition to proceeding with the proposed transaction.
Anson Funds:
Anson Funds is a privately held alternative asset management company, founded in 2007 with offices in Dallas and Toronto. As the manager or co-manager of various funds, Anson has ownership or control over 12,153,780 Class B shares of Acasta Enterprises Inc., representing approximately 18.7% of its outstanding Class B shares as of the date hereof.
SOURCE Anson Advisors Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2019/12/c5311.html
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