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Vinergy Capital Inc. C.VIN

Vinergy Capital Inc is a Canada-based investment company. The company primarily invests in cannabis companies.


CSE:VIN - Post by User

Post by Optimist123on Jul 23, 2019 12:16pm
191 Views
Post# 29951274

Two News Releases July 9th and 18th from Sedar

Two News Releases July 9th and 18th from SedarVANCOUVER, BC, July 9, 2019  Vinergy Cannabis Capital Inc. formerly, Vinergy Resources Ltd.  ("Vinergy" or the "Company") (CSE:VIN) (OTCQB:VNNYF) announces the change of name of the  Company on July 9, 2019.  The Company’s new CUSIP number is 92743Q101 and ISIN number is  CA92743Q1019.  The Company’s ticker symbol remains “VIN”.  The CSE does not accept responsibility for the adequacy or accuracy of this release.   Vinergy Resources Ltd.   Glen Macdonald   Director   investors@vinergyresources.com   The CSE does not accept responsibility for the adequacy or accuracy of this release.    Cannabis Capital Inc.  Glen Macdonald  Director  7788191085


Vinergy Completes Acquisition of Phyto Pharma VANCOUVER, BC, July 18, 2019 - Vinergy Cannabis Capital Inc. formerly, Vinergy Resources Ltd. ("Vinergy" or the "Company") (CSE:VIN) (OTCQB:VNNYF) is pleased to announce that further to its press release dated February 20, 2019, the Company has completed the acquisition (the “Acquisition”) of all of the issued and outstanding shares of Phyto Pharma Inc. (“Phyto Pharma”), a private Ontario company, pursuant to the terms of a share exchange agreement dated March 28, 2019, as amended (the “Definitive Agreement”). Pursuant to the Definitive Agreement and in consideration for the Acquisition, Vinergy issued an aggregate of 7,000,000 common shares of the Company (the “Payment Shares”) at a deemed price of $0.12 per Payment Share. In addition, pursuant to the terms of the Definitive Agreement, Vinergy will issue additional common shares of the Company (the “Additional Payment Shares”) to former shareholders of Phyto Pharma subject to Phyto Pharma generating revenue greater than $3,000,000 over the next six months. If achieved, 7,000,000 Additional Payment Shares will be issued. In connection with the Acquisition, the Company also issued 560,000 common shares to an arm’s length third party at a deemed price of $0.12 per common share as an advisory fee. These shares are subject to a statutory hold period of four months plus a day in accordance with applicable legislation ending on November 18, 2019. The Acquisition is being completed in connection with a “Change of Business” for the Company pursuant to the policies of the Canadian Securities Exchange (the “CSE”) pursuant to which Vinergy will be transformed into an investment issuer. For further details on the Acquisition and the Change of Business please see the Listing Statement of the Company dated June 28, 2019 which was filed July 4, 2019 under the Company’s profile at www.sedar.com. Trading on the CSE under the symbol “VIN” is expected to resume once final approval is obtained from the CSE. The CSE does not accept responsibility for the adequacy or accuracy of this release. Vinergy Resources Ltd. Glen Macdonald Director investors@vinergyresources.com
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