Press Release for Early Warning Report on Wall Financial Corporation

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VANCOUVER, British Columbia, Oct. 20, 2022 (GLOBE NEWSWIRE) — Peter Wall, 1010 Burrard Street, Vancouver, British Columbia V6Z 2R9, announced today that it has agreed to indirectly acquire ownership of 6,500,000 shares of common stock (“Normal stocks”) of Wall Financial Corporation (“Wall Financial”), a company headquartered at 1010 Burrard Street, Vancouver, British Columbia V6Z 2R9, at a purchase price of CDN $9,963 per common share for a total purchase price of CDN $64,756,906.65. The acquisition is expected to close on or about November 11, 2022. Prior to the acquisition, Mr. Wall controlled or directed the 6,500,000 Ordinary Shares. As a result of the acquisition, there will be no increase in the total number of issued and outstanding Ordinary Shares held or controlled by Mr. Wall. Mr. Wall will continue to own, control or direct, directly or indirectly, 17,927,762 Ordinary Shares, representing approximately 55.24% of the total number of Ordinary Shares issued and outstanding as of the date hereof. Since the submission of his latest early warning report, Mr. Wall up 2.07% as a result of issuer actions resulting in a decline in Wall Financial’s outstanding securities. mr. Wall will indirectly acquire ownership of the 6,500,000 Ordinary Shares through a private transaction made pursuant to the private agreement waiver set forth in Section 4.2 of National Instrument 62-104 Takeover Bids and Issuer Bids. The takeover of Mr. Wall is done for investment purposes. In accordance with applicable securities laws, Mr. Wall acquire additional stock and/or other stock, debt or other securities or instruments from time to time and at any time (collectively, “Effects”) of Wall Financial in the open market or otherwise, and reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to enter into similar transactions in relation to the Securities, it will depend entirely on market conditions, the business and prospects of Wall Financial and other relevant factors.

For more information or to obtain a copy of the early warning report, please contact:

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Pieter Wall
Burrard Street 1010
Vancouver, British Colombia
V6Z 2R9

Phone: 604 893-7131
Fax: 604 893-7179

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