TORONTO, March 25,
2024 /CNW/ - George
Christopoulos today announced the acquisition on
March 22, 2024 of beneficial
ownership of 280,000 Avante Corp. ("Avante") (TSXV: XX) Common
Shares ("shares") representing approximately 1.0509%, and now
beneficially owns 5,131,500 shares or 19.2597%.
Mr. Christopoulos acquired beneficial ownership of, or control
and direction over, 4,354,000 shares or approximately 16.3416% on
or prior to January 26, 2024, and
from February 1, 2024 to March 20, 2024 inclusive acquired through the TSX
Venture Exchange 497,500 shares or approximately 1.8672%.
The Common Shares beneficially owned, or over which control and
direction is exercised, by Mr. Christopoulos were acquired for
investment purposes. Depending on market and other considerations,
Mr. Christopoulos may increase or decrease his ownership, control,
and direction over Common Shares of Avante.
Mr. Christopoulos continues to attempt to obtain, on an amicable
basis, and in the following order:
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(i)
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The
unredacted scrutineer's report appended to Avante's
October 24, 2023 shareholders' meeting minutes.
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(ii)
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Representation on
Avante's board of directors that is commensurate with his
percentage beneficial ownership, noting that two of Avante's
shareholders with combined ownership of approximately 29.4791% have
nominated 100% of the existing board.
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Important background information and opinions are included in
Mr. Christopoulos' previous press releases dating from December 21, 2022 to January 26, 2024. This press release and the
previous press releases include the personal views and opinions
of George Christopoulos, and do not, and are not meant to
constitute a solicitation of a proxy within the meaning of
applicable corporate and securities laws.
Avante's head office address is 1959 Leslie Street, Toronto, Ontario, M3B 2M3. A copy of this
press release may be obtained on Avante's profile at
sedarplus.ca.
For a copy of the report filed under National Instrument 62-103,
please contact: George
Christopoulos, 647 291 0354
SOURCE George Christopoulos