Aktien aber erst Im Dezember - nach der Hauptversammlung.
Soweit ich die News verstanden habe vom 07.09. ( sh. unten )
x
PUF VENTURES INC.
NEWS RELEASE
PUF Ventures Announces Plan of Arrangement with Vapetronix Holdings Inc.
Vancouver, British Columbia /
September 7, 2017
–
PUF Ventures Inc.
(“PUF” or the “Company”) (CSE:PUF)
(Frankfurt: PU3) (OTCPK: PUFXF),
announces that it intends to spin out its WeedBeacon proprietary technology,
current app developments, databases, graphics, brochures and other marketing materials and liabilities (the
“Assets”) into its wholly-owned subsidiary, Vapetronix Holdings Inc. (“Spinco”) by way of a plan of arrangement(the “Arrangement”)
pursuant to Division 5 of Part 9 of theBusiness Corporations Act (British Columbia).
The purpose of the Arrangement is to allow the Company to divest itself of the Assets to Spinco, enabling PUF to
focus on the grow side of medical cannabis with a particular emphasis to growing cannabis for its joint venture
partnership with Canopy Growth Corp. (TSX: WEED), under CraftGrow.
The Arrangement will be subject to the approval of the Supreme Court of British Columbia, as well as approval by
the PUF shareholders at an annual general and special meeting to be held on
Friday, November 24, 2017
(the
“
Meeting
”). Pursuant to the Arrangement, PUF will distribute 100% of the common shares of Spinco (the “
Spinco
Shares
”) it receives to the PUF shareholders on a pro rata basis. The PUF shareholders will be entitled to receive
one Spinco Share in exchange for every seven (7) common shares of PUF held as at
October 4, 2017
(the “
Record
Date
”).
There will be no change in shareholders’ holdings in PUF as a result of the Arrangement. No outstanding
warrants or options of PUF will be transferred over to Spinco.
Following completion of the Arrangement, (i) Spinco will hold the Assets transferred to it by PUF, (ii)
Spinco will
become a reporting issuer in the Provinces of British Columbia, Alberta and Ontario, and intends to list for trading
on the Canadian Securities Exchange, (iii) each PUF shareholder will continue to be a PUF shareholder, (iv)
all the
PUF shareholders will have become shareholders of Spinco, and (v)
PUF will retain its working capital for its
Assets, and remain listed on the Canadian Securities Exchange and will continue to trade under the trading symbol,
PUF, as a consumer products – biotechnology/pharmaceuticals company.
Details of the proposed Arrangement will be provided in a Management Information Circular that will be mailed to
all the PUF shareholders as at the Record Date.
At the Meeting, the
PUF
shareholders will be asked to vote on a
special resolution approving the Arrangement.
The
PUF
shareholders
of record as at the Record Date of
October 4,
2017
will be eligible to vote on the Arrangement.
The effective date of the Arrangement is expected to be in December 2017. A further press release will be issued by
the Company with additional details regarding the Arrangement and when the exact effective date is known. |
Thread abonnieren
