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Melrose Ventures Group Announces Takeover Bid of Hank Payments Corp

Melrose Ventures LLC has revealed its intention to acquire a controlling stake in Hank Payments Corp. The company, alongside partners Intelligent Payment Processing Inc, Shawn Carden, and First Canadian Capital Corp, aims to increase its holdings to over 51%. Currently, its direct ownership stands at 11.33% with 8,286,767 shares, and indirect holdings at 9.2%, totaling a 20.53% stake in the 73.15 million outstanding shares.

The takeover bid, disclosed on November 4, 2024, involves the acquisition of at least 8.5 million shares. The group's goal is to drive business value and share price enhancements. Details on the future corporate strategies, changes in management, or capital policy adjustments have not been specified.

Principal Michael Trimarco has certified the accuracy and completeness of the filed information. For inquiries, individuals can reach him at the contact information provided in the report.

R. P.

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