TORONTO,
June 2,
2023 /CNW/ - Hugh G. McCauley ("Mr.
McCauley"), announces that today, he acquired 100,000
common shares (the "Shares") of Newtopia Inc. (TSXV: NEWU)
("Newtopia"), a company with its head office located at 33
Bloor Street East, 5th Floor, Toronto, Ontario M4W 3H1, for a purchase price
of $0.075 per Share (the "Share
Purchase"). As a result of the Share Purchase, Mr. McCauley
owns and controls approximately 13,994,500 Shares and 1,000,000
common share purchase warrants ("Warrants"), representing
10.0% of the Shares of Newtopia on a partially diluted basis.
Immediately prior to the Share Purchase, Mr.
McCauley owned approximately 13,894,500 Shares and 1,000,000
Warrants, representing approximately 9.33% of the issued and
outstanding Shares of Newtopia on a non-diluted basis (and
representing approximately 9.93% on a partially diluted basis,
assuming the exercise of all Warrants held by Mr. McCauley).
Following the Share Purchase, Mr. McCauley owns
approximately 13,994,500 Shares and 1,000,000 Warrants representing
approximately 9.40% of the issued and outstanding Shares of
Newtopia on a non-diluted basis (and representing approximately
10.0% on a partially diluted basis, assuming the exercise of all
Warrants held by Mr. McCauley).
Mr. McCauley is located at 58 Old Colony Rd,
North York, Ontario M2L 2K1,
Canada.
McCauley will file an early warning report
pursuant to National Instrument 62-104 – Take-Over Bids and
Issuer Bids on SEDAR (www.sedar.com) under his SEDAR
profile.
SOURCE Newtopia Inc.