Original News Release
Cryptostar investor A.C.N. disposes of 37.3 M shares
Mr. David Jellins reports
EARLY WARNING NEWS RELEASE - A.C.N. 117 402 838 PTY LTD'S HOLDINGS OF CRYPTOSTAR CORP.
This press release is being issued in connection with the filing of an early warning report pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, and National Instrument 62-104, Take-Over Bids and Issuer Bids, regarding the disposition of securities of Cryptostar Corp. (the issuer) by A.C.N. 117 402 838 Pty. Ltd. and the joint actors (as defined below). The issuer's head office is located at 181 Bay St., Suite 4400, Toronto, Ont., M5J 2T3.
A.C.N. is a proprietary company under the Corporations Act 2001 (Cth) (Australia). David Jellins (president, chief executive officer and a director of the issuer) and Amelia Jones (chief commercial officer and a director of the issuer) each own a 50-per-cent interest in A.C.N. and may be considered joint actors.
On Oct. 15, 2025, and Oct. 20, 2025, A.C.N. disposed a total of 37.3 million common shares in the capital of the issuer (representing 8.81 per cent of the issued and outstanding common shares on a non-diluted basis). The disposition was made at an average price of approximately 1.55 cents per common share for aggregate consideration of $577,885.60.
Immediately prior to the disposition, A.C.N. had ownership of, or exercised control or direction over, 102,624,235 common shares (representing 24.23 per cent of the issued and outstanding common shares on a non-diluted basis). Immediately after the disposition, A.C.N. has ownership of, or exercises control or direction over, 65,324,235 common shares (representing 15.42 per cent of the issued and outstanding common shares on a non-diluted basis).
The early warning report will be filed by A.C.N. and the joint actors in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Mr. Jellins (care of Cryptostar) at 181 Bay St., Suite 4400, Toronto, Ont., M5J 2T3 (e-mail: [email protected]).
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