AtmanCo Announces Conversion of 5,000,000 Warrants

MONTREAL, QUEBEC – AtmanCo Inc. (” AtmanCo ” or the ” Company “) (TSX VENTURE: ATW) today announced an amendment to the Warrants Agreement with Groupe Gestion G5 Inc (” G5 Management”) to change the expected initial exercise date of the warrants issued on October 5, 2016 (the ” Warrants “) from October 5, 2017 to June 2, 2017. By the same token, Gestion G5 Has exercised and paid in full today 5,000,000 Warrants in common shares of the Company (the ” Common Shares “) at the price of 0,$ 10 per Common Share for a total amount of $ 500,000 to be used by AtmanCo for its current operations and development.

Following the exercise of the Warrants, Gestion G5 is the beneficial owner of 5,000,000 Common Shares, representing 6.80% of the issued and outstanding Common Shares. Gestion G5 is also the beneficial owner of a convertible debenture of AtmanCo in the amount of $ 2,000,000 (the ” Debenture “), the capital of which is convertible, up to the first anniversary of its issue, into a maximum of 23,529,411 Common Shares at a conversion price of $ 0.085 per Common Share and thereafter until October 5, 2021, up to a maximum of 20,000,000 common shares at a conversion price of $ 0.10 per Common Share . On a partially diluted basis, assuming the conversion of the Debenture held by Gestion G5 only prior to October 5, 2017, Inclusive, G5 Management is the beneficial owner of 29.38% of the outstanding Common Shares. On a partially diluted basis, assuming the conversion of the Debenture held by Gestion G5 only after October 5, 2017, Gestion G5 would be the beneficial owner of 26.72% of the outstanding Common Shares.

Gestion G5 has subscribed to the shares of AtmanCo for investment purposes. Depending on market conditions, including market conditions, Gestion G5 may potentially increase or reduce the number of AtmanCo securities beneficially owned or over which it exercises control, including through acquisitions or sales on the market or Over the counter.

Source: AtmanCo Inc.