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Elemental Capital Partners LLP and Joseph Mullin III Announce Ownership Interest in Chackmore Unit Trust



VANCOUVER, BC / EXACTRELEASE / April 12, 2021 / Elemental Capital Partners LLP ("Elemental") and Mr. Joseph Mullin III ("Mr. Mullin" and together with Elemental the "Purchasers") are pleased to announce that, pursuant to certain acquisitions ("Acquisitions"), on April 6, 2021, the Purchasers have acquired direct or beneficial ownership in securities of Chackmore Unit Trust ("Chackmore"). Elemental has acquired direct or beneficial ownership in securities of Chackmore consisting of an aggregate of 1,082,750 trust units of Chackmore ("Units"). Mr. Mullin has also acquired direct or beneficial ownership in securities of Chackmore consisting of an aggregate of 1,082,750 Units.

Immediately prior to the Transactions, neither Elemental nor Mr. Mullin beneficially owned or controlled, directly or indirectly, any Units. The Purchasers each entered into a securities purchase agreement (the "Agreements") with a Chackmore security holder and carried out the transactions contemplated thereunder (the "Transactions") while relying on the private agreement exemption from the take-over bid requirements provided for in section 4.3 of National Instrument 62-104 - Take-Over Bids and Issuer Bids. Pursuant to the Agreements the Purchasers obtained an aggregate of 2,165,500 Units for the aggregate price of CDN $200.
As a result of the Transactions, Elemental currently holds 1,082,750 Units representing 15% of the 7,214,607 issued and outstanding Units and Mr. Mullin also currently holds 1,082,750 Units representing 15% of the 7,214,607 issued and outstanding Units. Together, the Purchasers currently hold 2,165,500 Units representing 30% of the 7,214,607 issued and outstanding Units.

The Purchasers currently intend to sell some or all of their Units in the near term, but do not have any definitive plans or future intentions which relate to Chackmore's current business or corporate structure. Further details regarding these changes can be found on SEDAR under Chackmore's company profile at www.sedar.com.
This Press Release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities commissions or similar regulatory authorities in Canada, which report will contain additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will be filled on SEDAR under Chackmore's company profile at www.sedar.com.
For further information, please contact:
Elemental Capital Partners LLP
650, MNP Tower, 1021 W. Hastings St.
Vancouver, BC V6E 0C3
Dr. Fletcher Morgan (604) 558-7685
Joseph Mullin III
1511 Ave Ponce de Leon
Apt 1133 Torre 100
San Juan PR 00909 USA
(604) 558-7685
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to, future plans and intentions of Purchasers, the appointment of certain persons as directors and officers of the Company and associated matters. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forwardlooking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, that the plans of the Purchasers may change and directors and officers may not perform their roles as currently expected. The statements in this press release are made as of the date of this release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities l ...

News Release: Elemental Capital Partners LLP and Joseph Mullin III Announce Ownership Interest in Chackmore Unit Trust
Submitted on: April 13, 2021 04:44:42 PM
Submitted by: Andrew
On behalf of: www.ecapitalpartners.ca
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