VMS Ventures merger with Royal Nickel, delistingBye Boys VMS Ventures merger with Royal Nickel, delisting
VMS Ventures Inc (C:VMS)
Shares Issued 146,481,349
Last Close 4/26/2016 $0.135
Thursday April 28 2016 - Shares Delisted from TSX-V
Also Royal Nickel Corp (C:RNX) Amalgamation
The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement dated Jan. 30, 2016, entered into between VMS Ventures Inc. and Royal Nickel Corp., pursuant to which Royal Nickel agreed to acquire all of the issued and outstanding shares of VMS by way of a statutory plan of arrangement. Under the arrangement, VMS shareholders received 0.392032 of a share of Royal Nickel for each VMS share held, or 6.417 cents in cash per VMS share held, or 2.3942 cents in cash and 0.245765 of a Royal Nickel share per VMS share held.
The exchange has been advised that approval of the arrangement by securityholders of VMS was received at a special meeting of the securityholders held on April 25, 2016, and that approval of the arrangement was received from the Supreme Court of British Columbia on April 26, 2016. The full particulars of the arrangement are set forth in VMS's information circular dated March 22, 2016, which is available under VMS's profile on SEDAR. VMS securityholders should refer to the circular for a summary of the procedures regarding the exchange of VMS securities for the consideration to which they are entitled under the arrangement.
The arrangement became effective on April 27, 2016.
Delisting:
In conjunction with the closing of the arrangement, the common shares of VMS will be delisted from the exchange. Accordingly, effective at the close of business, Thursday, April 28, 2016, the common shares of VMS will be delisted.
© 2016 Canjex Publishing Ltd.