Intermark Capital Corp acquired 700,000 common shares of Gray Rock, through the exercise of 700,000 previously issued share purchase warrants at a price of $0.05 per share. The shares are not subject to any resale restrictions, other than those applicable to the holdings of a control person. As a result of the acquisition, Intermark and its joint actor, David Wolfin, now hold, directly and indirectly, 5,885,000 common
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