Southcorp Capital Inc (STHC)

[No1Uknow]

Probably has to do with this acquisition


Saint Jean Carbon Receives Conditional Approval For Acquisition of Solid Ultrabattery
April 8, 2021 11:37 am ET

Saint Jean Carbon Receives Conditional Approval For Acquisition of Solid Ultrabattery

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, April 08, 2021 (GLOBE NEWSWIRE) -- With reference to its prior news release dated February 10, 2021, March 12, 2021 and March 16, 2021, Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX-V: SJL) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "TSX-V") for the purchase from 2 arm's length vendors of all of the issued and outstanding shares of Solid Ultrabattery Inc. ("SUB"), a private Ontario company involved in the research and development of solid state batteries (the "Acquisition"). Saint Jean intends to fund the purchase of all of the issued and outstanding shares of SUB by issuing 22 million common shares in the capital of the Company (the "Common Shares") at a price of $0.06 per Common Share for a deemed aggregate purchase price of CAD $1,320,000.