TSXV–HTI.H
VANCOUVER, July 11, 2016 /CNW/ - HTI VENTURES CORP.
(TSXV –HTI.H) (the "Company") is pleased to announce that
Neil Woodyer, Frank Giustra, Bernadette D`Silva and
Jay Sujir have been appointed to the
Company's board of directors and the Company has appointed
Neil Woodyer as Chief Executive
Officer and Jasvir Kaloti as Chief
Financial Officer and Corporate Secretary. Tena McEachen, Marilyn
Miller, Greg Schifrin, and
Patrice Nazareno, have resigned from
the board and the board would like to thank them for their
services.
In connection with the foregoing appointments, an aggregate of
3,500,000 incentive stock options have been granted to directors,
officers, consultants and charitable organizations at a price of
$0.125 per share, exercisable for a
period of 10 years, subject to TSX-V approval.
The Company has scheduled an AGM for August 8, 2016 to change its name to Leagold
Mining Corporation, continue its jurisdiction of incorporation to
BC, and adopt more current articles.
The Company has also entered into a mandate agreement with Fiore
Management & Advisory Corp. to provide financial advice and
corporate administration.
The Company further announces that Neil
Woodyer acquired 10,500,000 common shares pursuant to a
private transaction. The acquisitions represent 29.6% of the
issued and outstanding common shares of the Company. As a result of
the acquisition of securities described above, Neil Woodyer directly and indirectly, owns and
or controls, in aggregate 10,500,000 common shares of the Issuer,
representing 29.6% of the current issued and outstanding common
shares of the Company and would own 11,900,000 common shares,
representing 32.3% on a partially diluted basis, assuming exercise
of 1,400,000 incentive stock options held by Neil Woodyer directly.
The Company also announces that Fiore Financial Corporation, a
company owned and controlled by Frank
Giustra, and the Radcliffe Foundation, a charitable
organization controlled by Frank
Giustra, acquired 6,150,000 common shares pursuant to a
private transaction. The acquisition represents 17.36% of the
issued and outstanding common shares of the Company. As a result of
the acquisition of securities described above, Frank Giustra directly and indirectly, owns and
or controls, in aggregate 6,150,000 common shares of the Issuer,
representing 17.36% of the current issued and outstanding common
shares of the Company and would own 6,650,000 common shares,
representing 18.51% on a partially diluted basis, assuming exercise
of the 500,000 incentive stock options and held by Frank Giustra directly.
The Company has been advised that Neil
Woodyer and Mr. Giustra and his related entities acquired
these securities for investment purposes and as disclosed in the
Early Warning Report, may in the future acquire or dispose of
securities of the Company, through the market, privately or
otherwise, as circumstances or market conditions warrant.
ON BEHALF OF HTI VENTURES CORP.
"Neil Woodyer" Neil
Woodyer
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE HTI Ventures Corp.