New Age Farm CEO Parente lowers holding to 10.94%

New Age Farm Inc (C:NF)
Shares Issued 105,573,317
Last Close 12/16/2016 $0.12
Monday December 19 2016 – News Release

Mr. Carman Parente reports


Carman Parente, president and chief executive officer of New Age Farm Inc., has disposed of 12,490,500 shares of New Age Farm. Immediately after the transaction Mr. Parente owned 11,570,065 or 10.94 per cent of the issued and outstanding common shares of the issuer. The shares were disposed of to create cash flow for the purpose of advancing the issuer’s previously announced plan of arrangement and for Mr. Parente’s personal tax planning purposes including those arising in relation to his position with the issuer, and depending on market and other conditions, Mr. Parente may from time to time in the future increase or decrease his ownership, control or direction over securities of the issuer through market transactions, private agreements, or otherwise. Mr. Parente has filed on SEDAR a report in accordance with National Instrument 62-103.

2017-04-16T18:49:40+00:00 December 19th, 2016|New Age Farm|