TORONTO, Jan. 26,
2024 /CNW/ - George Christopoulos
today announced the acquisition of beneficial ownership of
1,500 Avante Corp. ("Avante") (TSXV: XX) Common Shares ("shares")
on January 25, 2024 at $0.80 per share, and now beneficially owns
4,354,000 shares or 16.3416%.
Mr. Christopoulos acquired beneficial ownership of, or control
and direction over, 3,795,957 shares or approximately 14.3376% on
or prior to October 10, 2023, and
from October 13, 2023 to December 21, 2023 acquired through the TSX
Venture Exchange net 554,543 shares or approximately 1.9983%.
The Common Shares beneficially owned, or over which control and
direction is exercised, by Mr. Christopoulos were acquired for
investment purposes. Depending on market and other considerations,
Mr. Christopoulos may increase or decrease his ownership, control,
and direction over Common Shares of Avante.
Mr. Christopoulos intends to attempt to obtain, on an amicable
basis:
-
- the minutes of Avante's October 24,
2023 shareholders' meeting, along with the scrutineer's
report that was to be appended to those minutes.
- some representation on Avante's board of directors
Important background information and opinions are included in
Mr. Christopoulos' press releases dated December 21, 2022, March
29, 2023, April 25, 2023 and
October 11, 2023. This press release
and these previous press releases include the personal views and
opinions of George Christopoulos,
and this press release and the previous press releases do not, and
are not meant to constitute a solicitation of a proxy within the
meaning of applicable corporate and securities laws.
Avante's head office address is 1959 Leslie Street, Toronto, Ontario, M3B 2M3. A copy of this
press release may be obtained on Avante's profile at
sedarplus.ca.
For a copy of the report filed under National Instrument 62-103,
please contact: George
Christopoulos, 647 291 0354
SOURCE George Christopoulos