Cut off date close
Canadian Zeolite plan of arrangement
2017-05-16 16:18 ET - Major Transaction Completed
The TSX Venture Exchange has approved Canadian Zeolite Corp.'s plan of arrangement. The plan of arrangement was approved by a special resolution passed by the shareholders of the company at a meeting held on April 28, 2017, and was approved by final order of the Supreme Court of British Columbia on May 1, 2017.
Pursuant to a vend-in agreement, which is fully described in the company's information circular dated March 14, 2017, the company's Bullard Pass property will be transferred to Canadian Mining Corp., currently a wholly owned subsidiary of the company, in exchange for Canadian Mining issuing common shares to the company. Under the plan of arrangement, the company will distribute to each shareholder as of the record date one Canadian Mining common share for every five common shares of the company then held.
Record date: May 23, 2017
Ex-date: May 18, 2017
Postarrangement
Capitalization: unlimited shares with no par value of which 27,668,528 shares are issued and outstanding
Transfer agent: CST Trust Company
Symbol: CNZ (unchanged)
Cusip No.: 136800 10 9 (unchanged)
© 2017 Canjex Publishing Ltd. All rights reserved.