Tags: Blockchain, Telecommunications
May 14, 2018 / TheNewswire / COSERFI s.r.l. ("COSERFI") announces that effective May 11, 2018 it disposed ownership of 1,650,000 common shares of Upco International Inc. (CSE: UPCO) ("Upco") pursuant to a private transaction. Also effective May 11, 2018, COSERFI acquired ownership of 1,650,000 common shares of Upco at a price of $ 0.10 for total consideration of $ 165,000 pursuant to a non-brokered private placement.
Immediately before the above transactions, COSERFI had ownership and control, directly and indirectly, of 16,500,000 common shares of Upco, representing 35.48% of the issued and outstanding common shares of Upco.
Immediately after the above transactions, COSERFI had ownership and control, directly and indirectly, of 16,500,000 shares of Upco, representing approximately 34.26% of the issued and outstanding common shares of Upco.
COSERFI’s disposition and acquisition of ownership of shares of Upco were made for investment purposes. COSERFI may in the future wish to increase or decrease its shareholdings in Upco as circumstances warrant. Such circumstances may include but are not limited to compliance with applicable securities laws, general market and economic conditions, business prospects of NSS and investment and business opportunities available to COSERFI.
The head office of Upco is located at 200 – 17618 – 58 Avenue, Surrey, BC, V3S 1L3.
A copy of COSERFI’s early warning report filed under National Instrument 62-103 may either be obtained under Upco’s profile on www.sedar.com or by contacting COSERFI.
Per: "Sergio Mistrali"
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
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