Buzz Capital Inc V.BUZ.P

QT - Time line getting close ......Aug 21, 2017....

[juneau103]

THE QUALIFYING TRANSACTION - A REVERSE TAKE-OVER

Once the CPC has completed its IPO and become listed on the Exchange, it may negotiate and enter into a merger transaction with a privately held company or business, referred to as a Qualifying Transaction.

The CPC must complete a Qualifying Transaction within 24 months after the date of listing, failing which the CPC will be delisted from the Exchange. A Qualifying Transaction is a transaction where a CPC acquires Significant Assets, other than cash. Significant Assets are one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, will result in the CPC meeting the Minimum Listing Requirements of the Exchange (set forth at the end of this guide).

A Qualifying Transaction generally results in a “reverse take over” of the CPC (i.e. the owners of the Significant Assets will control the CPC as a result of the Qualifying Transaction).
 

Buzz Capital Inc. Completes Initial Public Offering; Common Shares Commence Trading

Ottawa, Ontario--(Newsfile Corp. - August 21, 2017) - Buzz Capital Inc. (TSXV: BUZ.P) (the "Corporation") is pleased to announce that it has successfully completed its initial public offering of 4,200,000 common shares (the "Common Shares") at $0.10 per share for gross proceeds of $420,000 (the "Offering"). As a result of this issuance, the Corporation has 8,200,000 Common Shares issued and outstanding of which 4,000,000 Common Shares are subject to escrow restrictions as disclosed in the Corporation's final prospectus dated July 26, 2017, a copy of which may be obtained at www.sedar.com. Haywood Securities Inc. (the "Agent") acted as agent for the Offering. In connection with the Offering, the Agent received a cash commission of $42,000, a corporate finance fee of $12,500 and 420,000 compensation warrants (the "Agent's Warrants"). The Agent's Warrants will expire 24 months from the date the Corporation's Common Shares are listed on the TSX Venture Exchange (the "Exchange").

So what I do not know, was the clock re set, when they announced their deal in Jamaica

but then it never closed but reversed....

J 103 ( either way, clock is ticking Chucky )