Nepra Foods investor Hogan boosts holdings to 32.8%

Executive Summary

• William Hogan acquired 6,969,273 common shares of Nepra Foods Inc. by converting a $475,000 U.S. loan at a price of $0.10 per share.
• Post‑conversion, Hogan’s beneficial ownership increased to approximately 32.80 % of the outstanding common shares (≈27.84 % on a fully diluted basis).
• The acquisition triggers filing of an early warning report under National Instrument 62‑103; the report will be posted on SEDAR+.

Key Details

• Loan Conversion: $475,000 principal (U.S.) plus accrued interest converted into common shares at $0.10 per share.
• Shares Acquired: 6,969,273 common shares purchased in the conversion.
• Pre‑Conversion Ownership: 34,285,572 common shares (~28.86 % undiluted; ~24.28 % fully diluted).
• Post‑Conversion Ownership: 41,254,845 common shares (~32.80 % undiluted; ~27.84 % fully diluted).
• Class A Shares: Each Class A multiple‑voting share is convertible into 100 common shares per the company’s articles.
• Purpose of Holding: Securities are held for investment purposes; Hogan reserves the right to buy or sell additional securities at any time, subject to applicable law.
• Regulatory Filing: Early warning report filed pursuant to NI 62‑103; a copy will be available on SEDAR+ under Nepra Foods Inc.’s profile.

Notable Quotes

(No direct quotes were provided in the release.)