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Form 9 - Notice of Issuance (Shares for Debt)

Share Capital & Compensation

FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF

LISTED SECURITIES

September 2018

Page 1

FORM 9

NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF LISTED

SECURITIES

(or securities convertible or exchangeable into listed securities 1)

Name of Listed Issuer: Symbol(s):

Cameo Industries Corp. (the “Issuer”). CRU

Date: July 20, 2020 Is this an updating or amending Notice: Yes x No

If yes provide date(s) of prior Notices: N/A.

Issued and Outstanding Securities of Issuer Prior to Issuance: 19,834,265

Pricing

Date of news release announcing proposed issuance: July 20, 2020 or

Date of confidential request for price protection: N/A

Closing Market Price on Day Preceding the news release: 0.20 or

Day preceding request for price protection: N/A

Closing

Number of securities to be issued: 527,500

Issued and outstanding securities following issuance: 20,361,765

Instructions:

1. For private placements (including debt settlemen t), complete tables 1A and 1B in

Part 1 of this form.

2. Complete Table 1A – Summary for all purchasers, excluding those identified in Item

8.

3. Complete Table 1B – Related Persons only for Rel ated Persons

4. If shares are being issued in connection with an acquisition (either as consideration

or to raise funds for a cash acquisition) please proceed to Part 2 of this form.

5. An issuance of non-convertible debt does not hav e to be reported unless it is a

significant transaction as defined in Policy 7, in which case it is to be reported on

Form 10 – Notice of Proposed Transaction

6. Post the completed Form 9 to the CSE website in accordance with Policy 6 –

Distributions. In addition, the completed form must be delivered to

[email protected] with an appendix that includes the information in Table 1B for

ALL placees.

FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF

LISTED SECURITIES

September 2018

Page 2

Part 1. Private Placement

Table 1A – Summary

Each jurisdiction in which

purchasers reside

Number of

Purchasers

Price per

Security

Total dollar value

(CDN$) raised in

the jurisdiction

British Columbia 2 $0.20 $78,000

New Brunswick 1 $0.20 $27,500

Total number of purchasers: 3

Total dollar value of distribution in all jurisdictions: $105,500

Table 1B – Related Persons

Full Name

&Municipali

ty of

Residence

of Placee

Number of

Securities

Purchased

or to be

Purchased

Purchase

price per

Security

(CDN$)

Conversion

Price (if

Applicable)

(CDN$)

Prospectus

Exemption

TotalSecurities

Previously

Owned,

Controlled or

Directed

Payment

Date (1)

Describe

relations

-hip to

Issuer (2)

Creditor 1,

Vancouver,

BC

225,000 0.20 N/A NI 45-106

2.14

[Securities

for debt]

0 July 20,

2020

Arm’s

length

Peter

Nguyen,

Vancouver,

BC

165,000 0.20 N/A NI 45-106

2.14

[Securities

for debt]

0 July 20,

2020

Insider

Paul Teniere

Rothesay,

NB

137,500 0.20 N/A NI 45-106

2.14

[Securities

for debt]

0 July 20,

2020

Insider

1An issuance of non-convertible debt does not have t o be reported unless it is a significant transaction as

defined in Policy 7, in which case it is to be reported on Form 10 .

1. Total amount of funds to be raised: $105,500.

FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF

LISTED SECURITIES

September 2018

Page 3

2. Provide full details of the use of the proceeds. The disclosure should be

sufficiently complete to enable a reader to appreciate the significance of the

transaction without reference to any other material.

Settlement of debt to certain creditors, including certain of its directors and

officers of the Company for past consulting and other services.

3. Provide particulars of any proceeds which are to be paid to Related Persons

of the Issuer:

Name and Address of Related Persons Amount of Debt

Owing by the

Company ($)

Number of Shares to be

Issued

Peter Nguyen, CFO & Director

2725 Grant Street,

Vancouver, British Columbia

V5K 3H1

CAD$33,000 165,000 common shares

Paul Teniere, CEO & Director

1 Linden Cres,

Rothesay, New Brunswick

E2E 5R8

CAD$27,500 137,500 common shares

TOTAL CAD$ 60,500 302,500 common shares

4. If securities are issued in forgiveness of indeb tedness, provide details of the

debt agreement(s) or and the agreement to exchange the debt for securities.

N/A

5. Description of securities to be issued:

(a) Class Common Shares.

(b) Number 527,500.

(c) Price per security $0.20.

(d) Voting rights One voting right per common sha re.

6. Provide the following information if warrants, ( options) or other convertible

securities are to be issued:

N/A

(a) Number .

FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF

LISTED SECURITIES

September 2018

Page 4

(b) Number of securities eligible to be purchased on exercise of

warrants (or options)

.

(c) Exercise price .

(d) Expiry date .

7. Provide the following information if debt securi ties are to be issued:

N/A

(a) Aggregate principal amount .

(b) Maturity date .

(c) Interest rate .

(d) Conversion terms .

(e) Default provisions .

8. Provide the following information for any agent’ s fee, commission, bonus or

finder’s fee, or other compensation paid or to be p aid in connection with the

placement (including warrants, options, etc.):

N/A

(a) Details of any dealer, agent, broker or other p erson receiving

compensation in connection with the placement (name , and if a

corporation, identify persons owning or exercising voting control

over 20% or more of the voting shares if known to the Issuer): .

(b) Cash .

(c) Securities .

(d) Other .

(e) Expiry date of any options, warrants etc. .

(f) Exercise price of any options, warrants etc. .

9. State whether the sales agent, broker, dealer or other person receiving

compensation in connection with the placement is Re lated Person or has any

other relationship with the Issuer and provide details of the relationship.

N/A.

FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF

LISTED SECURITIES

September 2018

Page 5

10. Describe any unusual particulars of the transac tion (i.e. tax “flow through”

shares, etc.).

N/A.

11. State whether the private placement will result in a change of control.

N/A.

12. Where there is a change in the control of the I ssuer resulting from the

issuance of the private placement shares, indicate the names of the new

controlling shareholders.

N/A.

13. Each purchaser has been advised of the applicab le securities legislation

restricted or seasoning period. All certificates f or securities issued which are

subject to a hold period bear the appropriate legen d restricting their transfer

until the expiry of the applicable hold period requ ired by National Instrument

45-102 Resale of Securities.

The Issuer confirms that e ach purchaser has been a dvised of the applicable

securities legislation restricted or seasoning peri od. All certificates for

securities issued which are subject to a hold perio d bear the appropriate

legend restricting their transfer until the expiry of the applicable hold period

required by National Instrument 45-102 Resale of Securities.

Part 2. Acquisition – N/A

FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF

LISTED SECURITIES

September 2018

Page 6

Certificate Of Compliance

The undersigned hereby certifies that:

1. The undersigned is a director and/or senior offi cer of the Issuer and has been

duly authorized by a resolution of the board of dir ectors of the Issuer to sign

this Certificate of Compliance on behalf of the Issuer.

2. As of the date hereof there is not material info rmation concerning the Issuer

which has not been publicly disclosed.

3. the Issuer has obtained the express written cons ent of each applicable

individual to:

(a) the disclosure of their information to the Exchange pursuant to this Form

or otherwise pursuant to this filing; and

(b) the collection, use and disclosure of their inf ormation by the Exchange in

the manner and for the purposes described in Append ix A or as otherwise

identified by the Exchange, from time to time

4. The undersigned hereby certifies to the Exchange that the Issuer is in

compliance with the requirements of applicable secu rities legislation (as such

term is defined in National Instrument 14-101) and all Exchange

Requirements (as defined in CSE Policy 1).

5. All of the information in this Form 9 Notice of Issuance of Securities is true.

Dated July 20, 2020.

Peter Nguyen

Name of Director or Senior

Officer

“Peter Nguyen”

Signature

CFO & Director

Official Capacity