Saturday, December 29, 2018 2:43:08 PM
Currently Parent company that owns all = Liberty One Lithium Corp.
Below that is what we are invested in = Lexington Bio Inc.
Below that is who is originally working on the HS (Targetco) = Lexington Bio Holdings Corp.
Below that is a place holder for old targetco shares = Lexington Bio
The parent company decided they wanted to own and fund the HS and created a child called Glenwood Acquistions Corp, just a place holder until the transaction was done to purchase Targetco, who was working on the HS and probably needed funding help.
When the purchase completed (done in a reverse takeover transaction) you were left with the above current companies.
Temporary placeholder Glenwood Acquisitions became Lexington Bio Inc. with Eric Willis and others as officers.
Targetco shareholders received Lexington Bio shares (8,000,001 total) to replace the targetco shares and became Lexington Bio Holdings corp. The old shares of targetco were put into a placeholder called Lexington Bio which means not much to us.
All of this is just big business, companies using methods for tax purposes and protection that they are able to. If the HS succeeds we will do well. If not, the parent company will right it off and move on.
The parent Liberty One Lithium Corp is LRTTF on the OTC at $.06 and the share prices of both will mimic each other. One goes up, other will go up. They were previously Peace river capitol corp and Petro Basin Energy Corp.
Hope that helps you a bit.
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