Vancouver, B.C. - TheNewswire - September 22, 2023 – James R. Bond, a director and officer of SIQ Mountain Industries Inc. ("SIQ" or the “Company”) announced today that on September 6, 2023 he had acquired directly from SIQ (NEX:SIQH), 2,020,000 common shares through his wholly owned private company Bondwest Enterprises Inc. The common shares were acquired for CDN$0.05 per common share for a total consideration of CDN$101,000 pursuant to a non-brokered private placement first announced by the Company by press release on August 15, 2023 (the “private placement”).

Prior to Bondwest’s participation in SIQ’s private placement, Mr. Bond held, directly or indirectly, or had control or direction over an aggregate of 2,318,600 shares of the Company or approximately 9.23% of the pre-placement issued and outstanding share capital of the Company, i.e., 25,133,433 shares. With the current acquisition, Mr. Bond now holds directly or indirectly or has control or direction over an aggregate of 4,338,600 common shares or approximately 14.89% of the Company’s issued and outstanding share capital post-closing, i.e., 29,133,433 share.  

Mr. Bond and Bondwest Enterprises Inc., together with Ms. Sardar, Mr. Bond’s spouse are joint actors with respect to their common shares of SIQ.  The shares acquired by Bondwest Enterprises Inc. pursuant to the private placement were acquired for investment purposes. Mr. Bond, Bondwest Enterprises Inc. and Ms.  Sardar may from time to time increase or decrease their investment in the shares of SIQ depending upon the business and prospects of the Company and depending upon future market conditions.

For further information, please contact:

A copy of the Early Warning Report filed pursuant to National Instrument 62-103 may be obtained from Kathy Love, Corporate Secretary, 604 512 2959.