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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Freshxtend Tech Corp | TSXV:FXT | 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 | - |
The Reorganization Plan includes the amalgamation of FreshXtend Technologies Corp. and 832124 BC Ltd. ("Subco") to form an amalgamated entity which will continue to be named "FreshXtend Technologies Corp." ("New FreshXtend"). Subco is a wholly-owned subsidiary of FreshXtend International Pty Ltd. ("Newco"), an Australian private company. Pursuant to the amalgamation, the issued and outstanding common shares of FreshXtend will be exchanged for Class A preferred shares of New FreshXtend. Immediately after the amalgamation, New FreshXtend will redeem the outstanding Class A preferred shares, such that holders thereof will receive either a cash payment of CDN$0.03 per FreshXtend share held, or one ordinary share in the capital of Newco for every 50 FreshXtend shares held. At the Meeting, FreshXtend's shareholders overwhelmingly supported and approved the Reorganization Plan, including the proposed bylaws and articles of New FreshXtend.
Following Approval of the Reorganization Plan, FreshXtend applied to the TSX Venture Exchange to have its common shares, which will be wholly-owned by Newco, delisted from trading. FreshXtend also intends to make all required applications to cease being a reporting issuer in the Provinces of British Columbia and Alberta.
FreshXtend Technologies Corp.
Roy Robinson, Director
Trading symbol: FXT (TSX-V)
Manual Listing S & P's Industrial & Int'l, 12g (3)b Exemption: #82-2190
The statements in this news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbour created by these sections. Actual results may differ materially from the Company's expectations. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management.
Contacts: FreshXtend Technologies Corp. Roy Robinson Director (604) 322-0759 (604) 322-0487 (FAX) Website: www.freshxtend.com
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1 Month Freshxtend Tech Corp Chart |
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