4//SEC Filing
Koretsky Frank 4
Accession 0001185185-18-001284
CIK 0001522222other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 5:31 PM ET
Size
8.0 KB
Accession
0001185185-18-001284
Insider Transaction Report
Form 4
Koretsky Frank
Director10% Owner
Transactions
- Purchase
Special Warrants
2018-06-20+1,089,609→ 1,089,609 total→ Special Warrants (1,089,609 underlying)
Holdings
- 5,246,208(indirect: See Footnote)
Common Stock
- 12,276,253
Common Stock
Footnotes (6)
- [F1]Owned by Newcan Investment Partners LLC, an entity wholly owned by the Reporting Person.
- [F2]Convertible for no additional consideration.
- [F3]The Reporting Person purchased 1,089,609 special warrants (the "Special Warrants") with each Special Warrant being comprised of one share of common stock of the Issuer (a "Share") and one common stock purchase warrant (a "Warrant") of the Issuer. The Warrants are exercisable at a price of CAD$0.45 per Warrant.
- [F4]Each Special Warrant will be deemed to be automatically exercised on behalf of, and without any further action or payment required on the part of, the Reporting Person at 5:00 p.m. (Toronto time) on the date that is the earlier of: (i) the fifth business day after the date a receipt is issued for a final prospectus qualifying the distribution of the Shares and the Warrants by the securities regulatory authorities in the provinces of British Columbia, Alberta, Manitoba and Ontario; and (ii) October 28, 2018.
- [F5]The Special Warrants do not have an expiration date. The Warrants expire 36 months from the date that the Issuer's common stock is listed on a recognized Canadian stock exchange.
- [F6]Each Special Warrant is comprised of one Share and one Warrant.
Documents
Issuer
CLS Holdings USA, Inc.
CIK 0001522222
Entity typeother
Related Parties
1- filerCIK 0001661744
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 5:31 PM ET
- Size
- 8.0 KB