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RBE Rockbridge Resources Inc.

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Share Name Share Symbol Market Type
Rockbridge Resources Inc. TSXV:RBE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

RockBridge Calls Special Shareholders Meeting

30/10/2018 6:46pm

PR Newswire (Canada)


RockBridge Resources Inc. (TSXV:RBE)
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TSX Venture Exchange:  RBE    

VANCOUVER, Oct. 30, 2018 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSXV symbol: RBE) has set a Special Meeting of Shareholders to be held on Tuesday, November 13, 2018 (the "Meeting").

The purposes of the Meeting are to consider and approve, if advisable, resolutions to facilitate the planned business combination with Harvest Enterprises, Inc., including the conditional appointment of new directors and auditors and amendment to the Company share structure. The Meeting also includes a proposed resolution to approve the sale of the Company's remaining oil and gas assets, being interests in natural gas wells in the Clarke Lake area of British Columbia, to WhiskeyJack Energy Inc., a company controlled by Steve Mathiesen (a current director and officer of the Company) and Gary Mathiesen (a current officer of the Company).  The Board of the Company, with Steve Mathiesen having declared his interest and having abstained from voting, unanimously approved the sale of the Clarke Lake interests and recommended that shareholders approve the disposition. Notwithstanding that the disposition is exempt from the minority approval requirements under Multilateral Instrument 61-101, given that the fair market value of the Clarke Lake interests is below 25% of the Company's market capitalization, the Company has decided, in the interest of good governance, to seek minority approval for the disposition.

RockBridge has now sent out the meeting material to shareholders, including the Notice of Special Meeting of Shareholders and Management Information Circular. Copies have been filed and are available on SEDAR.

ROCKBRIDGE RESOURCES INC.

"Rana Vig"

Rana Vig, CEO

This news release may include statements about expected future events that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events may vary substantially from what RockBridge currently anticipates. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE RockBridge Resources Inc.

Copyright 2018 Canada NewsWire

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