EMC.V just hit the market today boys ,get inSaber Capital qualifying transaction The TSX Venture Exchange has accepted for filing Saber Capital Corp.'s (now Emblem Corp.) qualifying transaction described in its filing statement dated Nov. 30, 2016. As a result, effective at the opening on Monday, Dec. 12, 2016, the trading symbol for the company will change from SAB.H to EMC and the company will no longer be considered a capital pool company.
The qualifying transaction includes the following matters, all of which have been accepted by the exchange.
The company has completed the arrangement agreement dated Aug. 23, 2016, with Emblem Corp., a private Ontario-based company. Pursuant to the agreement, the company has acquired all of the outstanding shares of Emblem in consideration for 37,298,937 (postconsolidation) common shares of the company and a further 14,065,285 special shares. The special shares will convert into 14,065,285 (postconsolidation) common shares of the company 18 months following closing of the qualifying transaction.
The exchange has been advised that the qualifying transaction has been completed. The full particulars of the company's qualifying transaction are set forth in the filing statement dated Nov. 30, 2016, which has been accepted for filing by the exchange and which is available under the company's profile on SEDAR.