![]() Depending on various factors including, without limitation, EDM's financial position, the price levels of the securities, conditions in the securities markets and general economic and industry conditions, Mr. ![]() Salsberg intends to review his investment in EDM on a continuing basis. Salsberg has acquired the common shares and warrants for investment purposes. Salsberg were to exercise these warrants, he would own, directly and indirectly, 2,755,000 common shares of EDM, representing approximately 11.38% of EDM's outstanding common shares, on a partially diluted basis. Salsberg now directly and indirectly owns 2,600,000 common shares representing approximately 10.81% of the issued and outstanding common shares, together with warrants to acquire an aggregate of 155,000 common shares of EDM. After the completion of the private placement, Mr. Salsberg directly and indirectly owned 2,445,000 common shares of EDM, representing approximately 12.98% of the issued and outstanding common shares of EDM. Prior to this acquisition and EDM's private placement, Mr. Salsberg"), a private investor, announced that he has acquired (the " Acquisition") an aggregate of 155,000 units (" Units") of EDM at a price of $0.50 per Unit pursuant to the private placement of EDM disclosed in EDM's press release dated and filed on SEDAR ( Each Unit consisted of one common share and one common share purchase warrant of EDM, each warrant entitling the holder to acquire one additional common share until at an exercise price of $0.75 per common share. ![]()
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