Canada NewsWire
TORONTO, Feb. 13, 2019
TORONTO, Feb. 13, 2019 /CNW/ - Anson Advisors Inc. issues the following statement regarding Acasta Enterprises Inc. (TSX: AEF):
In Acasta's news release of February 13, 2019, rather than responding substantively to Anson's concerns outlined in its February 12, 2019 statement about the related-party debt conversion transaction disclosed by Acasta on February 8, 2019, Acasta has accused Anson of having breached Ontario securities law. Those accusations are untrue and are made as a tactical ploy in an effort to damage Anson's credibility and deflect attention away from the fact that the related party debt conversion: (i) is not in the best interests of Acasta, (ii) materially affects control of Acasta, (iii) is proposed at a price significantly below the current market price, and (iv) is intended to transfer value from Acasta and minority shareholders to Richard and Charles Wachsberg. Anson responds to Acasta's news release as follows:
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/February2019/13/c3045.html
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