GREY:LXLLF - Post by User
Post by
EnisaDon Mar 22, 2019 5:01pm
133 Views
Post# 29525329
Information Circular rollback 15 : 1
Information Circular rollback 15 : 1 Resulting Issuer is in the process of applying for a listing on the NASDAQ during the second quarter of 2019. One of the criteria that must be met is for the Resulting Issuer Shares to trade above the minimum bid price of US$4.00 per share. Accordingly, to ensure there is enough margin above this minimum for unexpected adverse market movement, LiveWell proposes a share consolidation of 15 to 1 immediately prior to consummation of the Proposed Transaction. Based on this share consolidation ratio, it is anticipated that the implied price of Resulting Issuer Shares based on the value when the shares were halted from trading will be $11.10.