2023-06-07 | TSXV:TORR | Press Release | Torrent Capital Ltd

2023-06-07 | TSXV:TORR | Press Release | Torrent Capital Ltd

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Halifax, Nova Scotia–(Newsfile Corp. – June 7, 2023) – Mr. Wade Dawe announces the acquisition of common shares of Torrent Capital Ltd. (TSXV: TORR) (“Torrent”). On June 6, 2023, Kelligrew Inc., a private corporation controlled by Mr. Dawe, acquired 30,000 shares of Torrent common stock through open market purchases at an average price of $0.75 per share.

As a result of the acquisition, Mr. Dawe and his entities own 7,110,134 common shares of Torrent, representing 28.4% of the 25,004,167 issued and outstanding common shares of Torrent as of June 6, 2023.

Torrent’s common shares were acquired for investment purposes. Mr. Dawe may increase or decrease his investment in Torrent based on future market conditions or other relevant factors.

This press release is issued as required by National Instrument 62-103: The Early Warning System and Issues Related to Takeover Bids and Insider Reporting in Relation to the Filing of an Early Warning Report Dated on June 7, 2023. The Advance Warning Report with respect to this acquisition has been filed on the System for Electronic Document Review and Analysis (“SEDAR”).

For more information contact:

Mr Wade Dawe

(902) 491-4280

(signed) “wade dawe

wade dawe,

2001-1969 Upper Water Street,

Halifax, NS B3J 3R7

To view the original version of this press release, visit https://www.newsfilecorp.com/release/169115

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