Early Warning News Release of Invidx Corp.
July 7, 2014
Invidx Corp. ("Invidx"), a company controlled by James Samsoondar, the Chief Science Officer and director of the Company, announces that it has acquired ownership and control of 15,000,100 common shares of Monarch Energy Limited (the "Company" or "Monarch") through the completion of the acquisition of ChroMedX Ltd. by Monarch. Prior to this acquisition, Invidx did not hold any common shares, directly and indirectly, of Monarch.
There are currently approximately 29,767,693 common shares of Monarch issued and outstanding. Invidx has ownership over an aggregate of 15,000,100 common shares of the Company on an undiluted basis, representing 50.39% of the issued and outstanding common shares of the Company. Invidx does not own any convertible securities of the Company.
Invidx acquired the securities for investment purposes and may make additional investment in or dispositions of securities of the Company, depending on price, availability and general market conditions.
A copy of the Early Warning Report filed under applicable Canadian provincial securities legislation in connection with Invidx's shareholdings in Monarch may be found at www.sedar.com under Monarch's profile.
For more information, please contact:
Dr. James Samsoondar
T: (905) 471-3930