Moving OnIt is official The assets of Replicel are now in control of the new company formed by Andrew Schutte.
A little confusion as to who owns this new company (1456390 B.C. Ltd.)
The N/R yesterday posted after the meeting stated the following:
"Shareholders approved the proposed asset sale and royalty transaction with 1456390 B.C. Ltd., a company wholly owned by Andrew Schutte, the company's president and chief executive officer."
In the Information Circular that was sent out by your brokerage house for the AGM meeting yesterday states on page 46:
"It is expected that Messrrs. Austring, Kwok, Boddington and McElwee will together, hold approximately 22% of the equity of the acquiror, with the remainder of the equity interest in the Acquiror being held by Mr. Schutte".
Which is it ?