Press release regarding early warning reports | 2022-01-21 | Press Releases

Calgary, Alberta–(Newsfile Corp. – January 21, 2022) – Trail Blazing Ventures Ltd. (TSXV: BLAZ.P) (the “company“) announces the filing of early warning reports in connection with the previously announced completion of its initial public offering (the “Offer“) (see press release of December 7, 2021).

On January 21, 2022, immediately following the closing of the placement, the Company issued to its directors and officers an aggregate of 2,000,000 options to purchase 2,000,000 common shares in the capital of the Company (“Ordinary actions“) at an exercise price of $0.10 per common share, expiring on January 21, 2032 (collectively, the “Choice“, and each, a “Option“).

The grant included the issuance of 800,000 options to Darren Bondar, President, Chief Executive Officer, Chief Financial Officer and Company Director, the issuance of 400,000 options to Craig Steinberg, Company Director, and Liam Russell Wilson, director of the Company, and 200,000 options being issued to Robert Verbuck, an officer of the Company, and Michael Ginevsky, corporate secretary of the Company.

In addition, as part of the placement, Mr. Bondar acquired 1,021,000 common shares at a price of $0.10 per common share for a total consideration of $102,100.

Prior to the Acquisitions, Mr. Bondar directly owned 5,000,000 Common Shares. Mr. Bondar now holds, directly, 6,521,000 common shares, representing 16.30% of the issued and outstanding common shares and options to acquire 1,600,000 common shares. Assuming the exercise of all options held by Mr. Bondar, he will hold 8,121,000 common shares representing 19.52% of the issued and outstanding common shares, taking into account the exercise of the options he holds.

The options were granted to directors and officers as part of the Company’s compensation program.

The Company is located at Suite 800, 333 – 7th Avenue SW, Calgary, Alberta, T2P 2Z1.

Reports regarding such acquisitions will be filed with the applicable securities commissions using the System for Electronic Document Analysis and Retrieval (SEDAR) and will be available on the Company’s profile at www.sedar.com.

For more information or to obtain copies of early warning reports, please contact Darren Bondar, President, Chief Executive Officer, Chief Financial Officer and Director of the Company at 1-800-503-1875 or email info@trailblazingventures .com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111128

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