Post by
stockinup on Aug 12, 2020 9:27pm
Details Of Transaction Tomorrow
RIVERSIDE RESOURCES INC. ("RRI") BULLETIN TYPE: Plan of Arrangement, Substitutional Listing, Delist BULLETIN DATE: August 12, 2020 TSX Venture Tier 2 Company Plan of Arrangement: The Exchange has approved Riverside Resources Inc.'s ("Riverside") plan of arrangement (the "Plan of Arrangement"), which included the spin-off of its wholly owned subsidiary, Capitan Mining Inc. ("Capitan"). The Plan of Arrangement was approved by Riverside's shareholders on March 31, 2020 pursuant to a resolution passed by Riverside shareholders. Riverside received a final order from the Supreme Court of British Columbia, dated April 2, 2020, in connection with the Plan of Arrangement. Pursuant to the Plan of Arrangement, Riverside shareholders will receive one New Share (as defined below) of Riverside as well as 0.2767 of a Capitan share for every one Old Share (as defined below). The Plan of Arrangement is fully described in Riverside's Information Circular dated February 25, 2020. Substitutional Listing: In accordance with the above-referenced Plan of Arrangement, Riverside shareholders who previously held one common share of Riverside (the "Old Shares") will be issued one new common share of Riverside ("New Shares") on a one for one basis. No cash payment will be made in connection with the Plan of Arrangement. Accordingly, the New Shares will be listed on the Exchange at the market opening Friday, August 14, 2020. Capitalization: Unlimited common shares with no par value of which 66,730,106 common shares are issued and outstanding Escrowed Shares: nil Transfer Agent: Computershare Trust Company of Canada Trading Symbol: RRI (UNCHANGED) CUSIP Number: 76927D 10 1 (NEW) Delisting: In conjunction with the closing of the Plan of Arrangement, the Old Shares of Riverside will be delisted from the Exchange. Accordingly, effective at the close of business Thursday, August 13, 2020 the Old Shares of Riverside will be delisted.