The TSX Venture Exchange has accepted for filing the qualifying transaction (QT) of Green Rise Capital Corp., as described in its filing statement dated Aug. 29, 2019. As a result, at the opening on Tuesday, Oct. 8, 2019, the company will no longer be considered a capital pool company. Pursuant to a definitive agreement dated March 1, 2019, as amended on June 7, 2019, Aug. 2, 2019, and Sept. 30, 2019, between the company, its wholly owned subsidiary, Green Rise Foods (Leamington) Acquisition Corp. (Subco), and Bull Market Farm Inc., a total of 30 million common shares of the company were issued at a deemed price of 20 cents per share to the Bull Market shareholders in exchange for all the existing Bull Market outstanding shares. Bull Market amalgamated with Subco and amalgamated entity became a wholly owned subsidiary of the company.
Prior to the completion of the QT, the company completed a non-brokered private placement of subscription receipts, resulting in the issuance of the following common shares of the company.
Number of shares: 18,343,000 common shares
Purchase price: 20 cents per common share
Number of placees: 34 placees
Insiders: Vincent Narang, 2,046,875; Lal Narang, 2,046,875; Sandy Basolini, one million; Rick Paolone, 2,743,750
Total pro group involvement: one million (one placee)
Capitalization: unlimited number of common shares with no par value, of which 59,731,690 common shares are issued and outstanding
Escrow: 44,525,527 common shares
Escrow period: 36 months
Transfer agent: TSX Trust Company
Trading symbol: GRCC (same symbol with .P removed)
Cusip No.: 39327 Q 106 (same)
The company is classified as a crop production company (NAICS No. 111)