TORONTO, ON, CANADA, JANUARY 5, 2023 /EINPresswire.com/ — Meets the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”). compliant), the Yeshivas Limudei Hashem Society (“YLHS”), a non-profit charitable organization managed by President Joseph Posen, announced on January 4, 2023 that YLHS will receive 4,050,000 shares of common stock (“Common Stock”) from voluntary donations. ”) has been received. Capital from existing shareholders of Cumberland Resources Nickel Corporation (the “Company”).
Prior to the donation, YLHS held a total of 3,630,000 common shares, representing approximately 5.53% of outstanding common shares outstanding on an undiluted basis. After the common share donation, YLHS holds a total of 7,680,000 common shares, representing 11.71% of the outstanding common shares on an undiluted basis. Mr. Posen and companies controlled by Mr. Posen may be considered joint parties under NI 62-103. Mr. Posen and the companies controlled by Mr. Posen have an additional 410,000 shares of common stock representing approximately 0.62% of outstanding shares. YLHS acquired common shares for investment purposes. YLHS may accept additional company securities as gifts or dispose of company securities as YLHS deems appropriate. Copies of early warning reports filed by YLHS are available on the company’s SEDAR profile or by contacting YLHS at (416) 869-7612.
Garfinkle Biderman LLP