Chalice Brands Ltd (CHALF)

[BriarPatch]

the way the press release reads is that golden leaf will be a "...Under the terms of the letter of intent, a wholly owned subsidiary of Terra Tech will amalgamate with Golden Leaf, with the resulting amalgamated corporation being a wholly owned subsidiary of Terra Tech..."

"...The LOI provides that Golden Leaf shareholders will be entitled to receive 0.1203 common shares of Terra Tech for each common share of Golden Leaf held (the "Exchange Ratio"). Terra Tech currently has 79.2 million shares outstanding. As a condition of closing, Terra Tech will be required to list its shares on the CSE. Listing will be subject to satisfying all of the CSE's requirements. Upon closing, Derek Peterson will remain in his position as CEO, with William Simpson to become President of the combined company..."

https://globenewswire.com/news-release/2018/11/05/1645087/0/en/Terra-Tech-Corp-and-Golden-Leaf-Holdings-Ltd-Sign-Non-Binding-Letter-of-Intent-to-Merge.html?fbclid=IwAR0M1dbixLiHh28ynQRXBHQVRXZUhTSlqA6MZz6ubQQ0gHS3OfvjRP1Exu8