GREY:XEBEQ - Post by User
Comment by
Ciaoon Feb 16, 2021 10:45am
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Post# 32572831
RE:RE:RE:RE:Clever management
RE:RE:RE:RE:Clever management The conspiracy theorists will be out again. The closing of the acquistion will be announced soon and it will occur AFTER Prabhu's departure. Was it timed such that he would depart before the Inmatec NR that will be coming? LOL.
RandomMaker wrote: December 17, 2020
The Acquisition, which is one of the two “LOI Acquisitions” announced by Xebec on December 8, 2020, will be financed with the proceeds from the public offering and the concurrent private placement announced by Xebec on December 8, 2020 and December 9, 2020. The release of proceeds from such public offering and the concurrent private placement and the exchange of the subscription receipts into common shares of the Corporation are not conditional upon the closing of the Acquisition. The Acquisition is expected to close on or about February 28, 2021. The Acquisition has been unanimously approved by the Board of Directors of Xebec and is subject to regulatory approval and other customary closing conditions.