Kreative Ventures Limited announced that they have acquired units in Augustine Ventures Inc.
Kreative acquired ownership of over 400,000 units and Providential Pictures Inc., acquired ownership over 200,000 units of Augustine Ventures Inc.
The deal was made through a private placement that was held last July 4.
Kreative previously owned 550,000 shares and 550,000 warrants.
Under the terms of the agreement, Kreative acquired ownership amounts to 1.91% and Providential acquired ownership amounts to 0.96% of the issued and outstanding shares.
Following closing of the offering, Kreative and Providential will own a total of 1,150,000 shares and 1,150,000 Warrants, which represent 5.36% of the issued and outstanding shares of the Augustine Ventures Inc as calculated on a partially diluted basis.
Kreative and Providential acquired ownership of over 2.87% of the issued and outstanding shares of Augustine Ventures Inc which were calculated on a partially diluted basis.
Each share of the Company had an exercise price of US$0.10 per warrant share.
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