Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RBRWF FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Russell Breweries Inc. changed to RBI Ventures Ltd. and a one for 25 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Right on, thanks for that info. I've never had any dealings with NEX. Obviously, LOL.
It's the same entity it's just defunct. NEX is a Canadian exchange for inactive tickers
It even says so in the last financial report
First Half of Fiscal 2018 Highlights
Subsequent to the disposals of substantially all of the assets related to its Fort Garry Brewing and Russell Brewing operating business in December 2016, the Company ceased operations and became inactive.
I like the part where news for NEX:RB.H is posted as if it were for RBRWF. I don't believe they are the same entity, are they?
You took the time to create a board for an inactive ticker trading on the grey sheets? Wow
$RBRWF: 2018 1st Half Financial Results
https://stockguru.com/2018/02/28/russell-breweries-inc-announces-first-half-of-fiscal-2018-results/
*********************************************************************
RUSSELL BREWERIES INC. ANNOUNCES FIRST HALF OF FISCAL 2018 RESULTS
Published on February 28, 2018
VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) — Russell Breweries Inc. (NEX:RB.H) releases its financial results for the first six months of Fiscal 2018 (“2018F YTD”), ended December 31, 2017.
The Company reports net and comprehensive loss of $230,776 for 2018F YTD compared to net and comprehensive income of $2,869,300 for the first six months of Fiscal 2017 ended December 31, 2016.
First Half of Fiscal 2018 Highlights
Subsequent to the disposals of substantially all of the assets related to its Fort Garry Brewing and Russell Brewing operating business in December 2016, the Company ceased operations and became inactive.
During the six months that ended December 31, 2017, the Company received $1,838,482 of the asset sales considerations, including working capital adjustments, general liability holdbacks and interest payments.
As at December 31, 2017, the Company had a positive working capital of $3,045,121, and $3,174,697 of cash and cash equivalents.
For further details, the Company’s complete MD&A and financial statements for the six months ended December 31, 2017 and 2016 are available on SEDAR at www.sedar.com.
Additional Information
Russell Breweries Inc. is a public company trading on the NEX board of the TSX Venture Exchange under the symbol “RB.H”.
For more information, please contact:
Benjamin Li Yu | CEO
Russell Breweries Inc.
Tel: 604.599.1190
Fax: 604.596.1048
benjamin.yu@russellbeer.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
$RBRWF: Resignation & Announcement of New Directors
https://www.wsj.com/articles/PR-CO-20180320-913403
***************************************************************
Russell Breweries Inc. Announces Resignations and Appointment of New Directors
March 20, 2018 5:52 p.m. ET
Russell Breweries Inc. Announces Resignations and Appointment of New Directors
VANCOUVER, British Columbia, March 20, 2018 (GLOBE NEWSWIRE) -- Russell Breweries Inc. (NEX:RB.H) (the "Company") advises that Benjamin Li Yu, Derrick Dongbing Ma and Peter Stafford have resigned as Directors of the Company, effective March 19, 2018.
In addition, the Company is pleased to announce the appointment of the following new Directors of the Company effective March 19, 2018.
HUGH NOTMAN, Director
Hugh Notman is a managing director at CCC Investment Banking. Hugh joined CCC in 2014 when CCC joined forces with Stirling Mercantile of Vancouver. Hugh has been in corporate finance for over 20 years, and involved in more than 50 successful transactions. His experience includes mergers and acquisitions, divestitures, recapitalizations, as well as debt and equity financings and fairness opinions.
Hugh has worked with clients in a range of industries including healthcare, agriculture, food and beverage, manufacturing, forestry and building products, information technology, business services and 'cleantech' among others. Hugh's career includes 16 years in the securities industry prior to joining PricewaterhouseCoopers LLP as a Vice President -- Corporate Finance and Investment Banking group.
Hugh currently is a director of SMC Ventures Inc. and Percy Street Capital Corporation, which is conducting a qualifying transaction. In addition, Hugh serves on the non-profit boards of the University of British Columbia Thunderbird Golf Society and the Bishop's College School Foundation. Hugh is a past president and director of the Association for Corporate Growth, Vancouver Chapter and holds the ICD.D designation from the Institute of Corporate Directors.
MARTIN BURIAN, Director
Mr. Burian is a Chartered Professional Accountant and Chartered Business Valuator with over 20 years of investment banking experience. He is currently Managing Director of Investment Banking at RCI Capital Group and from 2010 until 2013 Mr. Burian was the Managing Director of Investment Banking at Haywood Securities Inc. Prior to this position, Mr. Burian served as President of Bolder Investment Partners from 2009 until its merger with Haywood Securities Inc. in 2010.
Currently, Mr. Burian is a director of multiple publicly traded companies. He is a Director Assure Holdings Ltd. a medical company trading on the TSXV; Elysee Development Corp., an investment issuer traded on the Exchange, and Canarc Resource Corp. a resource issuer listed on the Toronto Stock Exchange, Ynvisible Interactive Inc a technology issuer, and Canvass Ventures Ltd., a CPC that is conducting a qualifying transaction with a technology company. Mr. Burian holds both the Chartered Professional Accountant and the Chartered Business Valuation designations, which he obtained while at KPMG LLP. Prior to obtaining these designations, Mr. Burian obtained a Bachelor of Commerce from the University of British Columbia.
NORMAN R. YURIK, Director
Mr. Yurik recently retired as a tax partner at Deloitte LLP, where he worked for the past 38 years as a tax partner in the Vancouver office. Mr. Yurik obtained a Bachelor of Commerce from the University of British Columbia and subsequently obtained his CA designation.
Mr. Yurik led the Merger and Acquisition Group in British Columbia the past 20 years and was responsible for both tax planning and structuring and client service for some of Deloitte's most significant clients in Vancouver.
Mr. Yurik has extensive experience working with public companies, family offices and high net worth individuals. He has worked in jurisdictions such as the US, UK, Australia, Barbados, Africa, Luxembourg, Jersey Islands plus various other countries. He has served on various Institute Boards and Charitable Boards over the past 20 years.
The Company wishes to thank Benjamin, Derrick and Peter for their valuable contributions over the years and for successfully selling Russell's breweries and distributing the proceeds to shareholders.
Additional Information
Russell Breweries Inc. is a public company trading on the NEX board of the TSX Venture Exchange underthe symbol "RB.H".
For more information, please contact:
Benjamin Li Yu | CEO
Russell Breweries Inc.
Tel: 604.599.1190
benjamin.yu@russellbeer.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Wall Street Journal news department was not involved in the creation of this content.
$RBRWF: Facebook Page.... They are Actively Producing
https://www.facebook.com/Russell.Brewing
GO $RBRWF
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
13
|
Created
|
04/30/18
|
Type
|
Free
|
Moderators |
Russell Breweries Inc.
(NEX:RB.H)
(OTCBB: RBRWF)
13018 80th Avenue, Suite 202,
Surrey, BC, CAN, V3W 3A8
http://www.russellbeer.com/index.html
OVERVIEW
On October 7, 2016, Russell Breweries Inc. ("Russell") announced that the Company has entered into two separate purchase agreements pursuant to which Russell has agreed to sell to separate purchasers, substantially all of the assets related to its two operating businesses. The two purchase agreements are the result of the previously announced long and extensive strategic review process undertaken by the Board of Directors of the Company and its Special Committee that commenced in 2016
Additional details of the sale can be found in the Management Information Circular dated October 26, 2016 (the " Circular"), which is also posted here on Sedar.
SIGNIFICANT EVENTS
On November 28, 2016, Russell announced that at the annual general and special meeting of Russell shareholders held on the same day (the “Meeting”), shareholders of the Company approved the sale to separate purchasers of substantially all of the assets related to its two operating businesses as previously announced on October 7, 2016 (the “Asset Sales”). The sale of all of the property and assets used or utilized by the Company in its business of producing beers in Manitoba under the name “Fort Garry Brewing Company”, and the sale of all of the property and assets used or utilized by the Company in its business of producing beers in British Columbia under the name “Russell Brewing Company” were approved by 99% of the Russell shareholders who voted at the Meeting.
In addition, in connection with the Asset Sales, at the Meeting the Russell shareholders approved the distribution of the remaining assets of the Company, following the payment of all liabilities, by way of a return of capital on the Common Shares (the “Return of Capital”), the voluntary dissolution of the Company in accordance with the Business Corporations Act (British Columbia) and the delisting of the Common shares of the Company from the TSX Venture Exchange or the NEX Board, as more particularly described in the Circular.
On December 2, 2016, Russell announced that the sale of all of the property and assets used or utilized by the Company in its business of producing beers in Manitoba under the name “Fort Garry Brewing Company” has been completed.
On December 17, 2016, Russell announced that the sale of all of the property and assets used or utilized by the Company in its business of producing beers in British Columbia under the name “Russell Brewing Company” has been completed.
On March 21, 2017 and March 27, 2017, Russell announced that following the completion of the sale of all or substantially all of its assets related to its two former operating business in two separate transactions on December 2, 2016 and December 17, 2016 (the "Asset Sales"), the board of directors of the Company has fixed the amount and record date for the first cash distribution by way of a return of capital, principally funded from the proceeds of the Asset Sale (the "Return of Capital"). The Return of Capital will be in the amount of CAD$0.05 per Russell common share (the "Russell Shares"), subject to any withholding tax, if any, to be paid to all registered shareholders of record at the close of business on April 4, 2017. The aggregate proceeds to be paid to the shareholders of the Company will be approximately CAD$4,354,189 and the payment will be made on April 13, 2017 (the "Payment Date"). As more particularly described in the Circular, the Company anticipates receiving additional funds currently held in escrow by the end of 2017, which would represent the held back portions of the purchase price with respect to the Asset Sales (the “Holdback Funds”). Russell anticipates completing one or more future distributions by way of return of capital, including a final return of capital following receipt of the Holdback Funds. Upon completion of all such distributions, the Company expects to have satisfied all of its liabilities and returned all of its remaining assets, which shall be in the form of cash, to its shareholders, following which, the Company expects to proceed to dissolve Russell and its wholly owned subsidiary.
On January 5, 2018, Russell announced that following receipt of certain final payments contemplated by the sales of all or substantially all of its assets related to its two former operating business in two separate transactions completed on December 2, 2016 and December 17, 2016 (the "Asset Sales”), the board of directors of the Company has fixed the amount and record date for the second cash distribution by way of a return of capital (the “Return of Capital”). The Return of Capital will be in the amount of CAD$0.035 per Russell common share, subject to any withholding tax, if any, to be paid to all registered shareholders of record at the close of business on January 17, 2018. The aggregate amount to be paid to the shareholders of the Company will be approximately CAD$3,047,932.58 and the payment will be made on January 26, 2018.
For more information, please contact us at ir@russellbeer.com.
Add Text Here...
On October 7, 2016, Russell Breweries Inc. ("Russell") announced that the Company has entered into two separate purchase agreements pursuant to which Russell has agreed to sell to separate purchasers, substantially all of the assets related to its two operating businesses. The two purchase agreements are the result of the previously announced long and extensive strategic review process undertaken by the Board of Directors of the Company and its Special Committee that commenced in 2015.
Additional details of the sale can be found in the Management Information Circular dated October 26, 2016 (the " Circular"), which is also posted here on SEDAR.
On November 28, 2016, Russell announced that at the annual general and special meeting of Russell shareholders held on the same day (the “Meeting”), shareholders of the Company approved the sale to separate purchasers of substantially all of the assets related to its two operating businesses as previously announced on October 7, 2016 (the “Asset Sales”). The sale of all of the property and assets used or utilized by the Company in its business of producing beers in Manitoba under the name “Fort Garry Brewing Company”, and the sale of all of the property and assets used or utilized by the Company in its business of producing beers in British Columbia under the name “Russell Brewing Company” were approved by 99% of the Russell shareholders who voted at the Meeting.
In addition, in connection with the Asset Sales, at the Meeting the Russell shareholders approved the distribution of the remaining assets of the Company, following the payment of all liabilities, by way of a return of capital on the Common Shares (the “Return of Capital”), the voluntary dissolution of the Company in accordance with the Business Corporations Act (British Columbia) and the delisting of the Common shares of the Company from the TSX Venture Exchange or the NEX Board, as more particularly described in the Circular.
On December 2, 2016, Russell announced that the sale of all of the property and assets used or utilized by the Company in its business of producing beers in Manitoba under the name “Fort Garry Brewing Company” has been completed.
On December 17, 2016, Russell announced that the sale of all of the property and assets used or utilized by the Company in its business of producing beers in British Columbia under the name “Russell Brewing Company” has been completed.
On March 21, 2017 and March 27, 2017, Russell announced that following the completion of the sale of all or substantially all of its assets related to its two former operating business in two separate transactions on December 2, 2016 and December 17, 2016 (the "Asset Sales"), the board of directors of the Company has fixed the amount and record date for the first cash distribution by way of a return of capital, principally funded from the proceeds of the Asset Sale (the "Return of Capital"). The Return of Capital will be in the amount of CAD$0.05 per Russell common share (the "Russell Shares"), subject to any withholding tax, if any, to be paid to all registered shareholders of record at the close of business on April 4, 2017. The aggregate proceeds to be paid to the shareholders of the Company will be approximately CAD$4,354,189 and the payment will be made on April 13, 2017 (the "Payment Date"). As more particularly described in the Circular, the Company anticipates receiving additional funds currently held in escrow by the end of 2017, which would represent the held back portions of the purchase price with respect to the Asset Sales (the “Holdback Funds”). Russell anticipates completing one or more future distributions by way of return of capital, including a final return of capital following receipt of the Holdback Funds. Upon completion of all such distributions, the Company expects to have satisfied all of its liabilities and returned all of its remaining assets, which shall be in the form of cash, to its shareholders, following which, the Company expects to proceed to dissolve Russell and its wholly owned subsidiary.
On January 5, 2018, Russell announced that following receipt of certain final payments contemplated by the sales of all or substantially all of its assets related to its two former operating business in two separate transactions completed on December 2, 2016 and December 17, 2016 (the "Asset Sales”), the board of directors of the Company has fixed the amount and record date for the second cash distribution by way of a return of capital (the “Return of Capital”). The Return of Capital will be in the amount of CAD$0.035 per Russell common share, subject to any withholding tax, if any, to be paid to all registered shareholders of record at the close of business on January 17, 2018. The aggregate amount to be paid to the shareholders of the Company will be approximately CAD$3,047,932.58 and the payment will be made on January 26, 2018.
For more information, please contact us at ir@russellbreweries.com
Russell Breweries Inc. (the “Company”) was incorporated under the laws of the Province of British Columbia, Canada on March 23, 2000.
During the Company’s fiscal year that ended June 30, 2017, the Company completed two separate asset sale transactions to sell substantially all of the assets utilized in its business of producing beers under the name “Fort Garry Brewing Company” (“FGB”) and “Russell Brewing Company” (“RBC”).
Subsequent to the above disposals, the Company became inactive but continued to be listed on TSX Venture Exchange NEX Board under the symbol "RB.H".
STOCK INFO
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |