TORONTO, May 24, 2019 (GLOBE NEWSWIRE) -- Eric P. Salsberg ("Salsberg"), Toronto, Ontario, announced today that he disposed of 455,548 common shares ("Common Shares") of Duncan Park Holdings Corporation (the "Company") at a deemed price of approximately $0.06 per share to certain investors, including certain subscribers to the Company's October 2018 private placement of debentures (the "Share Purchase Transaction").
Mr. Salsberg acquired the 455,548 Common Shares (the "Debt Settlement Shares") on May 14, 2019 as part of a debt settlement transaction. Pursuant to the Share Purchase Transaction, Mr. Salsberg disposed of all of the Debt Settlement Shares, at a price equal to 20% of the aggregate debt of $136,662.24 or $27,332.45 (approx. $0.06 per share) which he was owed by the Company, to certain investors, including certain subscribers to the Company's October 2018 private placement of debentures.
Prior to the completion of the Share Purchase Transaction, Mr. Salsberg held 734,264 Common Shares, representing approximately 15.91% of the issued and outstanding Common Shares. In connection with the Share Purchase Transaction, Mr. Salsberg disposed of the 455,548 Common Shares, representing approximately 9.87% of the issued and outstanding Common Shares. Following the Share Purchase Transaction, Mr. Salsberg holds 278,716 Common Shares, representing approximately 6.04% of the issued and outstanding Common Shares.
Mr. Salsberg disposed of the 455,548 Debt Settlement Shares in order to monetize the Debt Settlement Shares he acquired in settlement of the $136,662.24 debt owed to him by the Company. Mr. Salsberg intends to hold his remaining Common Shares for investment purposes. He may from time to time, depending on market and other conditions, acquire additional Common Shares or dispose of Common Shares through private agreement or otherwise.
For further information or a copy of the early warning report related to this matter, please contact:
Eric P. Salsberg
Tel: (416) 367-4941; Email: email@example.com