Exchange Bulletin
Avant Brands Inc. (AVNT, AVNT.WT) To Trade On Toronto Stock Exchange
July 8, 2021
Issuer: Avant Brands Inc. (the "Company")
| Security: | Symbol | Issued and Outstanding Securities | Reserved Securities | Trading Currency |
|---|---|---|---|---|
| Common Shares (the ("Shares") | AVNT | 199,429,386 | 62,483,045 | CDN$ |
| Common Share Purchase Warrants (the "Warrants") | AVNT.WT | 28,750,000 | NIL | CDN$ |
| Listing category: | Industrial, Non-Exempt Issuer |
| Trading currency: | CDN$ |
| Listing and posted for trading date: | July 12, 2021 (at the opening) |
| Name Change | The name of the Company will be changed to "Avant Brands Inc." and trading in the Shares and Warrants will commence on TSX under the new name, new stock symbol and new CUSIP number at the open on July 12, 2021. |
| Other market(s): | The Shares have been listed on TSX Venture Exchange (the "TSXV") under the old name "GTEC Holdings Ltd." and old symbol "GTEC" since June 22, 2018. The Warrants have been listed on the TSXV under the old symbol: "GTEC.WT" since April 1, 2021. The Shares and Warrants will be delisted from TSX Venture Exchange on July 12, 2021 upon commencement of trading on TSX. |
| Designated market maker: | Questrade Inc. |
| Security ownership registration: | Certificated Issue and Direct Registration System for the common shares and Certificated Issue for the Warrants. |
| Investor relations: | Norton Singhavon Chief Executive Officer 778-760-8288 Email: ns@avantbrands.ca or ns@gtec.co - or – Kendra Blackford Chief Financial Officer 250-317-5834 Email: kb@avantbrands.ca or Kb@gtec.co |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | November 30 |
| Nature of business: | The Company is a Canadian cannabis company which produces and distributes premium cannabis products across Canada. |
| Transfer agent and registrar: | Computershare Investor Services Inc. at its principal office in Vancouver for the Shares and Computershare Trust Company of Canada at its principal office in Vancouver for the Warrants. |
| Dividends: | The Company does not anticipate paying cash dividends on the Shares in the foreseeable future. |
| Sponsorship: | Not applicable. |
| Disclosure Document: | AIF dated March 16, 2021, which is available at SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the AIF. |
Principal Terms of the Warrants
| Symbol: | AVNT.WT |
| Exercise price: | $1.04 per Share |
| Expiry: | March 30, 2024 (at 4:30 p.m. (Vancouver time)), subject to acceleration. |
| Additional Information: | Warrant indenture dated March 30, 2021, between GTEC Holdings Ltd. and Computershare Trust Company Canada. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |