![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Breaking Point Developments | TSXV:BPD.P | 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 | - |
L1 Capital Corp., ("L1") (TSX VENTURE:LOA.P), listed on the TSX Venture Exchange Inc. as a capital pool company (the "TSXV" or the "Exchange") under the trading symbol "LOA.P", and Breaking Point Developments Inc., ("BPD") (TSX VENTURE:BPD.P) listed on the TSXV as a capital pool company under the trading symbol "BPD.P", are pleased to announce that further to a press release dated March 5, 2010 and pursuant to an amalgamation agreement (the "Amalgamation Agreement"), L1 and 7305826 Canada Inc., a wholly owned subsidiary of BPD, amalgamated (the "Amalgamation") on April 30, 2010 to form a new corporation, carrying on with the name of L1 Capital Corp. ("Amalco"). The amalgamation was unanimously approved by shareholders of the former L1 at a special meeting of shareholders held April 29, 2010. Pursuant to the amalgamation all of the shares of L1 was exchanged for common shares of BPD (each a "BPD Share") on the basis that the shares of L1 shall be attributed a value of $0.20 per share and the BPD Shares shall be attributed a value of $0.15 per BPD Share, such that approximately 1.333 BPD Shares shall be issued in exchange for each share of L1. Subsequent to the Amalgamation Amalco will complete a horizontal amalgamation with BPD to form a second amalgamated incorporation ("Second Amalco") such that there will be a single surviving entity with the name Breaking Point Developments Inc. Subject to TSXV and regulatory approval, the Board of Directors of Second Amalco shall remain as presently constituted by BPD with the option to appoint an additional member from L1. In addition, on completion of BPD's previously announced Qualifying Transaction the following individuals will be appointed: Mike Windle, President and CEO and a Director, Ken Johnston, CFO and Director, Scott Reeves, Secretary and Don McIvor, Director. A nominee of L1 may be appointed to the Board of Amalco. Information regarding Breaking Point Developments Inc. Breaking Point Developments Inc. is a capital pool company which was listed on the TSXV January 9, 2009, following the completion of its initial public offering. BPD is a capital pool company ("CPC") within the meaning of the policies of the Exchange. BPD has not commenced operations and has no assets other than cash. Copies of BPD documents may be obtained electronically from the SEDAR system at www.sedar.com. Information regarding L1 Capital Corp. L1 Capital Corp. is a capital pool company which was listed on the TSXV April 2, 2008, following the completion of its initial public offering. L1 had 3,950,000 basic common shares issued. L1 is a capital pool company ("CPC") within the meaning of the policies of the Exchange. L1 has not commenced operations and has no assets other than cash. As previously announced on March 5, 2010, the merger with 7305826 Canada Inc. was done to facilitate the qualifying transaction of L1 and BPD. Copies of L1 documents may be obtained electronically from the SEDAR system at www.sedar.com. Completion of the foregoing transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the foregoing transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The Exchange has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, neither the Vendor nor the L1 or BPD will update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the corporations.
1 Year Breaking Point Developments Chart |
1 Month Breaking Point Developments Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions