Vancouver, British Columbia--(Newsfile Corp. - April 1, 2022) - Centurion Minerals Ltd. (TSXV: CTN) ("Centurion", or the "Company") is pleased to announce it has executed an Amending Agreement (to its amalgamation agreement dated March 3, 2022 with HAI Beverages Inc. ("HAI"), and Thani Ltd. (dba "CannaEden") (the "Amalgamation Agreement"), whereby Centurion will:
A) Incorporate a wholly owned subsidiary ("SubCo") and assign all Centurion cannabis-related assets (the "CannaAssets") and select liabilities to SubCo;
B) SubCo shares held by Centurion will be distributed to the Centurion shareholders;
C) the acquisitions of HAI and CannaEden will be completed by SubCo (thereafter "AmalCo"); and
D) AmalCo will continue the business of HAI and CannaEden, initially as a non-listed reporting issuer, with the intention to target a go-public event H2-2022, or H1- 2023.
https://www.newsfilecorp.com/release/118932