Melrose Ventures Clarifies Share Ownership Issues with Hank Payments Corp.

Melrose Ventures has addressed a discrepancy in share ownership figures with Hank Payments Corp. Hank's recent claim placed the number of outstanding shares at over 132.7 million. In contrast, Melrose Ventures asserts the figure is approximately 73.15 million, referencing trading data from November 4, 2024.

The controversy centers on 59.57 million shares, which Melrose believes have not been accepted by the TSX Venture Exchange as part of a debenture amendment. This situation affects Melrose's tender offer aimed at achieving a 51% stake in Hank.

Melrose contends Hank has misinterpreted its flexible tender offer options. They remain committed to adhering to legal frameworks and regulatory compliance while seeking shareholder support for strategic changes at Hank Payments Corp.