/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TORONTO, May 2, 2024
/CNW/ - TeraGo Inc. ("TeraGo" " or the
"Issuer") (TSX: TGO): This press release is being
disseminated by EdgePoint Investment Group Inc.
("EdgePoint") and Cymbria Corp ("Cymbria", and collectively with EdgePoint,
the "Acquiror"), an account managed by EdgePoint, to
announce the expiration of 403,050 Series C warrants
("Warrants") to purchase common shares ("Shares") of
the Issuer. The Warrants expired in accordance with their terms at
5:00pm EST April 22, 2024.
Each Warrant entitled the holder to purchase one Share in the
capital of the Issuer at an exercise price of $8.00 and represented, in aggregate,
approximately 2% of the capital of the Issuer, as calculated in
accordance with applicable securities legislation.
Prior to the Warrant expiration, EdgePoint had control over, and
Cymbria beneficial ownership of,
4,706,715 Shares and 403,050 Warrants, representing a security
holding percentage, in aggregate, of approximately 25.7% of
TeraGo's outstanding Shares. EdgePoint now exercises control over,
and Cymbria has beneficial
ownership of, 4,706,715 Shares representing approximately 23.7% of
TeraGo's outstanding Shares.
An early warning report will be filed by the Acquiror under
applicable securities laws and will be available on the Issuer's
SEDAR+ profile at www.sedarplus.ca. A copy of the early
warning report may also be obtained by contacting Sayuri Childs, Chief Compliance Officer of
EdgePoint at (416) 963-9353. EdgePoint's head office is located at
150 Bloor St. West, Suite 500, Toronto,
Ontario, M5S 2X9. The Issuer's head office is located at 55
Commerce Valley Drive West, Suite 800, Thornhill, Ontario, L3T 7V9.
SOURCE EdgePoint Investment Group Inc.