July 16, 2024 – TheNewswire - Vancouver, British Columbia –  Jaret Wilson (the "Acquiror") has today filed an early warning report (the "Early Warning Report") advising that on July 16, 2024 (the “Effective Date”) he subscribed for (the “Private Placement Subscription”) convertible debentures of Legible Inc. (the “Company”) with: (i) a principal amount of $630,000 convertible into 9,000,000 common shares (“Common Shares”) of the Company at a deemed price of $0.07 per Common Share; and (ii) 9,000,000 Common Share purchase warrants (“Warrants”) entitling the Acquiror to acquire 9,000,00 Common Shares at $0.08 per Common Share for a period of 2 years.  

Immediately prior to the Effective Date, the Acquiror held 2,083,333 Common Shares, 8,083,333 whole Common Share purchase warrants and debentures convertible into 6,000,000 Common Shares (1.56% of the issued and outstanding Common Shares on an un-diluted basis and 10.96% of the outstanding Common Shares on a partially diluted basis).  After the Effective Date, the Acquiror has 2,083,333 Common Shares, 17,083,333 whole Common Share purchase warrants and debentures convertible into 15,000,000 Common Shares (1.56% of the issued and outstanding Common Shares on an un-diluted basis and 20.65% of the outstanding Common Shares on a partially diluted basis). All securities were acquired for investment purposes. The Acquiror has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell securities on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

This news release is being issued as required by National Instrument 62-104 - Take-Over Bids and Issuer Bids and relates to the Acquiror and the Company, whose head office is located at #250 - 997 Seymour Street, Vancouver, British Columbia, V6B 3M1, Canada.  A copy of the Early Warning Report can be obtained at www.sedarplus.ca under the Company's profile, or by contacting Jaret Wilson at 275 North Franklin Turnpike, Ramsey, NJ 07446 USA and contact@jaretwilson.com.

SOURCE: Jaret Wilson

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