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Global Cord Blood Corp C.CO


Primary Symbol: CORBF

Global Cord Blood Corporation is a provider of cord blood banking services in China. The Company and its subsidiaries are principally engaged in the provision of umbilical cord blood storage and ancillary services in the People's Republic of China. It provides cord blood testing, processing and storage services under the direction of subscribers for a cord blood processing fee and a storage fee. It also tests, processes and stores donated cord blood, and provides matching services to the public for a fee. The Company provides cord blood processing and storage services for expectant parents interested in capturing the opportunities made available by evolving medical treatments and technologies, such as cord blood transplants. It also preserves cord blood units donated by the public; provides matching services on such donated units, and delivers matching units to patients in need of transplants.


GREY:CORBF - Post by User

Post by Sylt1204on Jan 13, 2021 8:53am
105 Views
Post# 32283447

CO + TTX = TESLA !

CO + TTX = TESLA !Co has lent a lot of cash to TTX, so both are linked, therefore CO has at least 150 - 200 million share rights in TTX. Enclosed the transaction in detail, but currently the merger has been shut down, probably because of Tesla? In November 2018, the Company entered into a letter of intent with International Cobalt Corp. (CSE: CO) ICC) with respect to a contemplated business combination by way of a proposed amalgamation between Tantalex and ICC with the intention to list the securities of the resulting issuer (Amalco) on the Canadian Securities Exchange (the CSE) following completion of the contemplated transaction (the Transaction). The Transaction As per the terms of the Transaction, Amalcos valuation will be deemed to be represented by the aggregate value of each of Tantalex and ICC, on amalgamation into Amalco on a ratio basis of half each (50%) (the Participation Ratio). Subject to the adjustments of the Participation Ratio described below, upon closing of the Transaction, all of the Tantalex securities and ICC securities issued and outstanding or other convertible securities shall be exchanged for Amalco equivalent securities so that each of Tantalex and ICC shareholders hold fifty percent (50%) of all of the issued and outstanding share capital of Amalco. As part of the contemplated Transaction, all previously issued and outstanding stock options in the share capital of each of Tantalex and ICC will be cancelled and replaced by stock options of Amalco, to be issued under a new stock option plan to be implemented by Amalco Notwithstanding the above, the Participation Ratio in Amalco may be increased or decreased for Tantalex and/or ICC in specific and pre-determined events should certain conditions precedent to the completion of the Transaction, as follows: Tantalexs Participation Ratio: i. Should Tantalex fail to deliver a Mineral Resource of a minimum of 15 million tons resource at 0.65% Li2O, a fifty percent (50%) portion of the Tantalex shares reserved for issuance under the Definitive Agreement shall be cancelled; ii. Should the milestone of 15 million tons resource at 0.65% Li2O be achieved and confirmed by a National Instrument 43101 Standards of Disclosure for Mineral Projects (NI 43-101) compliant resource calculation, the total shares of Amalco reserved for issuance shall be immediately issued on a pro-rata basis to Tantalex shareholders; ICCs Participation Ratio As of the date of at the closing of the Transaction, ICCs cash position and the value of certain pre-paid services and contributed into Amalco shall be of a minimum amount of $8,000,000 (the Minimum Cash Position) accordingly, should ICC fail to deliver and contribute to Amalco such Minimum Cash Position, ICCs Participation into Amalco shall be reduced proportionally. Closing and final acceptance of the contemplated Transaction is subject to various terms and conditions comprised of, but not limited to, the receipt of shareholders approval by ICC (the Company received shareholder approval at its annual meeting held March 15, 2019), receipt of any regulatory approvals and material third party consents, including but not limited to approval by the British Columbia Securities Commission and the CSE, the completion of a satisfactory due diligence by each of Tantalex and ICC of the other party and its assets and the entering into a Definitive Agreement. Available funds to Amalco will be used to develop the exploitation of the parties respective current assets but more specifically to advance production on the Manono Kitotolo Tailings that were recently acquired by Tantalex, as more fully described below
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