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Feb 24, 2021

5045299 Completes Disposition of Common Shares and Options of Greenland Resources Inc.

Jeffrey K. Merk and David Mba

5045299 Ontario Inc. (“5045299”), a corporation formed on the amalgamation of 2449539 Ontario Inc. and Gupta Group Mining and Resources Inc., has disposed of 17,333,333 common shares (the “Shares”) in the capital of Greenland Resources Inc. (“Greenland”). It also disposed of an option to acquire 600,000 common shares in the capital of Greenland (the “Options”) through a private sale transaction pursuant to a securities purchase agreement, totalling an aggregate of $2,149,333.29 for the Shares and $766.71 for the Options (the “Transaction”).

Aird & Berlis lawyers Jeffrey Merk and David Mba represented 5045299 in the Transaction.

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