Rotonda Ventures Corp. Announces Share Distribution Record Date for Divesting Remaining Subsidiaries Under February 2, 2018 Plan of Arrangement
Saturday, June 22, 2019 4:30 PM
VANCOUVER, BC / ACCESSWIRE / June 22, 2019 / Rotonda Ventures Corp. (the "Company" or "Rotonda") today announces that it has amended and set the Share Distribution Record Date as Friday, June 21, 2019 for divesting four remaining subsidiaries: 1143990 B.C. Ltd., 1143993 B.C. Ltd., 1143994 B.C. Ltd. and 1144012 B.C. Ltd., pursuant to its February 2, 2018 court approved plan of arrangement (the "Arrangement"). Under the Arrangement, the Company may set share distribution record dates and effective dates for each subsidiary to be spun out (divested).
The distribution under the Arrangement will be 5,010,549 common shares of 1143990 B.C. Ltd. issued at a ratio of 1 to 1 to Rotonda shareholders of record.
Rotonda Ventures Corp. was founded in 2014 to conduct business in the oil and gas service sector involving frack water remediation and other services.
Contact: Richard Paolone, Director
E-mail: [email protected]
Disclaimers - Forward Looking Statements
This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention or obligation to revise or update such statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators' website which is posted on www.sedar.com This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
SOURCE: Rotonda Ventures Corp.