TSX Venture Exchange Stock Maintenance Bulletins
5:20PM ET on Monday Nov 12, 2018 by CNW Group
Companies Mentioned: IVITF
TSX VENTURE COMPANIES
INVICTUS MD STRATEGIES CORP. ("GENE")BULLETIN TYPE: Plan of Arrangement, Substitutional ListingBULLETIN DATE: November 12, 2018TSX Venture Tier 2 Company
Pursuant to an arrangement agreement dated September 10, 2018, an annual general meeting of shareholders of the Company on October 18, 2018, and the final court order issued by the Supreme Court of British Columbia on October 23, 2018, Invictus MD Strategies Corp. ("Invictus") has completed a plan of arrangement (the "Plan of Arrangement") under Section 288 of the Business Corporations Act (British Columbia). The Plan of Arrangement was completed on November 8, 2018, and has resulted in the Invictus spinning out its wholly owned subsidiary, Poda Technologies Ltd. ("Poda").
The arrangement was completed pursuant to letters of transmittal. Pursuant to the arrangement, Invictus will (i) subdivide the common shares of Poda such that the number of Poda shares following the subdivision are equal to the number of Company shares, (ii) eliminate the Class A preferred shares in the capital of the Company, (iii) alter the Invictus shares by changing their identifying name to Class A common shares ("Old Invictus Shares"), and (iv) create an unlimited number of common shares without par value (the "New Invictus Shares"). Each issued Invictus share will be exchanged for one New Invictus Share and one Poda share.
No Poda shares will be listed for trading on the Exchange.
The plan of arrangement is fully described in Invictus' Information Circular dated September 14, 2018.
Substitutional Listing:
In accordance with the above-referenced Arrangement, Invictus shareholders who previously held Common Shares (the "Old Invictus Shares") will have their Old Invictus Shares redesignated as Class A common shares and exchanged on a one for basis for a new class of common shares (the "New Invictus Shares"). Accordingly, the New Invictus Shares will be listed on the Exchange at the market opening Wednesday November 15, 2018.
Post - Consolidation
Capitalization:
Unlimited
common shares with no par value of which
112,176,712
common shares are issued and outstanding
Escrowed Shares:
nil
Transfer Agent: Computershare Investor Services
Inc.
Trading Symbol:
GENE (
UNCHANGED)
CUSIP Number:
46183X802
(new)
I was born during the day, but not yesterday.
