Wayland Group Corp MRRCF

RE:What will happen to existing shares

[Lazer65]

Wayland is bankrupt. The deal is to facilitate keeping the employees going and the crop alive while someone new takes over and pays slightly more than they'd get in bankruptcy proceedings. The reasoning is that a traditional bankruptcy would kill the crop and devalue the components even more. The deal is being made so someone can take over the facilities and keep it going without also taking over all the debt. Wayland shareholders won't get anything as most creditors won't either. I received the respose below. All info is available online.

To clarify, the sale of the shares contemplated in the Share Purchase Agreement as further described in the Monitor's sixth report https://www.pwc.com/ca/en/car/wayland/assets/wayland-089_041620.pdf , is in respect to the shares of Maricann Inc. (which is wholly owned by Wayland Group Corp.) and not the sale of the publicly held shares of Wayland Group Corp.