Antanas Guoga Announces Filing of Early Warning Report Related to Banxa Holdings Inc.

Antanas Guoga has filed an early warning report regarding his acquisition of 763,600 common shares of Banxa Holdings Inc. (BNXAF) on February 14, 2025, through the TSX Venture Exchange.

Rhea-AI Summary

Antanas Guoga has filed an early warning report regarding his acquisition of 763,600 common shares of Banxa Holdings Inc. (BNXAF) on February 14, 2025, through the TSX Venture Exchange. Prior to this acquisition, Guoga held 4,567,200 common shares, representing approximately 10.02% of outstanding shares. Following the purchase, his holdings increased to 5,330,800 shares, representing approximately 11.69% of outstanding shares.

Guoga maintains a long-term investment perspective and may further increase or decrease his position through market or private transactions, depending on market conditions and other factors.

Positive

• Increased insider ownership demonstrates confidence in company
• Significant share acquisition (763,600 shares) by major shareholder

Negative

• Potential for future share sales by major shareholder could pressure stock price

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News Market Reaction – BNXAF

The recorded move for BNXAF in the trading session of this news was -10.95%.

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Toronto, Ontario--(Newsfile Corp. - February 14, 2025) - Antanas Guoga announces that he has filed an early warning report (the "Report") regarding the acquisition (the "Acquisition") of 763,600 common shares (the "Common Shares") in the capital of Banxa Holdings Inc. ("Banxa") on February 14, 2025, through the facilities of the TSX Venture Exchange.

Prior to the completion of the Acquisition, Mr. Guoga held an aggregate of 4,567,200 Common Shares, representing approximately 10.02% of the issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. Upon completion of the Acquisition, Mr. Guoga held an aggregate of 5,330,800 Common Shares, representing approximately 11.69% of the then issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis.

Mr. Guoga has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the Report, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca, or may be requested by mail at: Antanas Guoga c/o Sol Strategies Inc., 217 Queen Street West, Suite 401, Toronto, ON M5V 0R2, or by email at tonyguoga@icloud.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241082

FAQ

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How many Banxa Holdings (BNXAF) shares did Antanas Guoga acquire on February 14, 2025?

Antanas Guoga acquired 763,600 common shares of Banxa Holdings on February 14, 2025.

What percentage of Banxa Holdings (BNXAF) does Antanas Guoga own after his February 2025 purchase?

After the acquisition, Antanas Guoga owns 11.69% of Banxa Holdings' outstanding shares, holding 5,330,800 common shares.

What was Antanas Guoga's ownership percentage in BNXAF before the February 2025 acquisition?

Prior to the acquisition, Antanas Guoga held 4,567,200 shares, representing approximately 10.02% of Banxa Holdings' outstanding shares.

What are Antanas Guoga's stated intentions regarding his BNXAF investment?

Guoga has stated a long-term view of the investment and may acquire additional shares or sell shares depending on market conditions and other relevant factors.