OTCPK:VPYYF - Post by User
Post by
luberonon Dec 18, 2019 10:02pm
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Post# 30471042
Transaction conditions and timing
Transaction conditions and timing The transaction will be implemented by way of a statutory plan of arrangement under the Canada Business Corporations Act and will require the approval of 66-2/3rd per cent of the votes cast by VersaPay shareholders at a special meeting of VersaPay shareholders to be called to approve the transaction.
[snip]
It is anticipated that the special meeting will be held in February, 2020. Following closing of the transaction, the VersaPay shares would be delisted from the TSX-V. The transaction is expected to close in the first quarter of 2020.