1143990 B.C. Ltd. Announces Completion of the Arrangement with Rotonda Ventures Corp. and Issuance of Shares
Thursday, July 4, 2019 5:57 PM
VANCOUVER, BC / ACCESSWIRE / July 4, 2019 / 1143990 B.C. Ltd. (the "Company") is pleased to announce that as a result of the completion of a plan of arrangement between the Company and Rotonda Ventures Corp. ("RVC") pursuant to its February 2, 2018 court approved plan of arrangement (the "Arrangement"). Under the Arrangement, the RVC may set share distribution record dates and effective dates for each subsidiary to be spun out (divested). The distribution under the Arrangement was 5,010,549 common shares of 1143990 B.C. Ltd. issued at a ratio of 1 to 1 to RVC shareholders of record on June 21, 2019. As a result of completing the Arrangement, the Issuer became a reporting issuer in Alberta and British Columbia. The CUSIP number for the Issuer's common shares is "68262X107".
The Arrangement received final court approval from the British Columbia Supreme Court under Part 9, Division 5 of the Business Corporations Act (British Columbia) on February 2, 2018. Further information regarding the Arrangement can be found on RVC's SEDAR profile at www.sedar.com. Under the Arrangement, the effective date for the Arrangement can be set separately as between RVC and each of the other parties to the Arrangement. Pursuant to the Arrangement, the effective date for the Arrangement as between RVC and the Company was set for June 28, 2019.
The Company was incorporated on December 6, 2017 and its fiscal year end is November 30th.
For further information please contact:
Richard Paolone, CEO and director
E-mail: [email protected]
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
SOURCE: 1143990 B.C. Ltd.