VANCOUVER, BC / ACCESSWIRE / July 4, 2019 / Rotonda Ventures Corp. (the "Company" or "RVC") is pleased to the completion of a plan of arrangement between the Company and 1143990 B.C. Ltd. ("990BC") 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, 990BC became a reporting issuer in Alberta and British Columbia.
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. Pursuant to the Arrangement, the effective date for the Arrangement as between RVC and the Company was set for June 28, 2019.
For further information please contact:
Richard Paolone, CEO
Rotonda Ventures Corp.
E-mail: [email protected]
Cautionary Note Regarding Forward Looking Information
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company such as the statement that: (i) the plan of arrangement may be effected; and (ii) shareholders may receive 100% of the shares of each of the other parties to the Arrangement under the Arrangement. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) the inability to complete the Arrangement; and (ii) other factors beyond the Company's control. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE: Rotonda Ventures Corp.