We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Zoommed Inc | TSXV:ZMD | 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 Corporation has been generating low operating cash flows for many years and has found in KDA Group, which is already a business partner of ZoomMed that is well acquainted with its activities, an acquirer with the expertise as well as the financial, human and material resources to carry on the operations of ZoomMed” said Mr. Yves Marmet, President and CEO of ZoomMed.
The Corporation will cease to have any operating activities following the Asset Sale, and its assets will consist mainly of cash or cash equivalents. Accordingly, the Board of Directors and management of the Corporation intend, in the best interests of the Corporation, to distribute, following the completion of the Asset Sale, to the shareholders of the Corporation up to all of the Consideration received in connection with the Transaction at an assumed market value at the time of payment of the distribution (hereinafter defined as the "Distribution"), which will represent a significant portion of its assets following the Asset Sale, subject to obtaining applicable regulatory approvals, and to treat such share Distribution as a reduction of the stated capital account of the common shares of the Corporation.
Following the Asset Sale, the Corporation will continue its evaluation of various strategic alternatives, notably the possible conclusion of a fundamental transaction; none of these alternatives has yet been determined.
Furthermore, the Corporation announces that it will hold its Annual and Special Meeting of Shareholders on July 25, 2023, at 10:00 a.m., at the Centre Sheraton Montréal (room Kafka-Lamartine), 1201 René-Lévesque Blvd. West, Montréal, Québec, as scheduled and described in the Proxy Circular.
For further information on ZoomMed, please contact Mr. Yves Marmet, President and Chief Executive Officer at info@zoommed.com or visit our website: www.zoommed.com.
Statements made in this news release that are not historical facts are “forward-looking statements” and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking” statement.
1 Year Zoommed Chart |
1 Month Zoommed 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