Elemental Capital Partners LLP and Delbrook Capital Advisors Inc. Announces Ownership Interest in Anacott Resources Corp.

VANCOUVER, BC / ACCESSWIRE / December 13, 2016 / Elemental Capital Partners LLP (“Elemental”) and Delbrook Capital Advisors Inc. (“Delbrook” and together with Elemental the “Purchasers”) are pleased to announce that, pursuant to certain acquisitions (“Acquisitions”), the Purchasers have acquired direct or beneficial ownership in securities of Anacott Resources Corp. (“Anacott”). Elemental has acquired direct or beneficial ownership in securities of Anacott consisting of an aggregate of 3,050,000 common shares (“Common Shares”) and 6,050,000 Common Share purchase warrants (“Warrants”) in the capital of Anacott. Delbrook has acquired direct or beneficial ownership in securities of Anacott consisting of an aggregate of 3,050,000 Common Shares and 6,050,000 Warrants.

Prior to the Transactions, neither Elemental nor Delbrook beneficially owned or controlled, directly or indirectly, any Common Shares. The Purchasers entered into securities purchase agreements (the “Agreements”) with various Anacott security holders and carried out the transactions contemplated thereunder (the “Transactions”) while relying on the private agreement exemption from the take-over bid requirements provided for in section 4.3 of National Instrument 62-104 – Take-Over Bids and Issuer Bids. Pursuant to the Agreements the Purchasers obtained an aggregate of 6,100,000 Common Shares for the aggregate price of CDN $500 and an aggregate of 12,100,000 Warrants for the aggregate price of CDN $2.00.

As a result of the Transactions, Elemental currently holds 3,050,000 Common Shares representing 42.9% of the 7,111,431 issued and outstanding Common Shares and Delbrook currently holds 3,050,000 Common Shares representing 42.9% of the 7,111,431 issued and outstanding Common Shares. If the Warrants converted into Common Shares, Elemental would hold 9,100,000 Common Shares representing 47.4% of the 19,211,431 issued and outstanding Common Shares after conversion and Delbrook would hold 9,100,000 Common Shares representing 47.4% of the 19,211,431 issued and outstanding Common Shares after conversion (assuming Elemental and Delbrook both exercised their Warrants). Together, the Purchasers currently hold 6,050,000 Common Shares representing 85.8% of the 7,111,431 issued and outstanding Common Shares. If the Warrants converted into Common Shares, together the Purchasers would hold 18,200,000 Common Shares representing 94.7% of 19,211,43 then issued and outstanding shares.

The Purchasers currently do not have any definitive plans or future intentions which relates to Anacott’s current business or corporate structure. After completing the Transactions, Anacott did announce a change to its directors and management team. Further details regarding these changes can be found on SEDAR under Anacott’s company profile at www.sedar.com.

This Press Release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related
Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities commissions or similar regulatory authorities in Canada, which report will contain additional information with respect to the foregoing matters (the “Early
Warning Report”). A copy of the Early Warning Report will be filled on SEDAR under Anacott’s company profile at www.sedar.com.

For further information, please contact:

Elemental Capital Partners LLP
650, MNP Tower, 1021 W. Hastings St.
Vancouver, BC V6E 0C3
Dr. Morgan Fletcher
(604) 558-7685

Delbrook Capital Advisors Inc.
Suite 650 – 1021 West Hastings Street
Vancouver, BC V6E 0C3
Mathew Zabloski
(604) 229-1450

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to, future plans and intentions of Purchasers, the appointment of certain persons as directors and officers of the Company and associated matters. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place
undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, that the plans of the Purchasers may change and directors and officers may not perform their roles as currently expected. The statements in this press release are made as of the date of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

SOURCE: Anacott Resources Corp.

ReleaseID: 450994