Tangelo Games Corp. IPRSF

la la la...fat lady sings.it's all over!!!!!

[willis888]

what happened to all the guys talking about voting no. Only 30% of all shares got voted........................................................................................................Tangelo Shareholders Approve Arrangement Transaction With GoGel Holdings Inc. TORONTO, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Tangelo Games Corp. (Tangelo or the Company) (TSX-VENTURE: GEL) is pleased to announce that shareholders of Tangelo ("Tangelo Shareholders") have approved the previously announced arrangement transaction pursuant to which GoGel Holdings Inc. will acquire all of the issued and outstanding common shares of Tangelo (the " Tangelo Shares") by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"). Pursuant to the Arrangement, each Tangelo Shareholder will receive cash consideration of $0.02565 for each Tangelo Share held. Approximately 30% of the issued and outstanding Tangelo Shares were represented in person or by proxy at the annual and special meeting of Tangelo held today (the "Tangelo Meeting"). Approximately 91% of the Tangelo Shares represented at the Tangelo Meeting were voted in favour of the Arrangement. Additionally, all items relating to annual matters at the Tangelo Meeting were approved by Tangelo Shareholders, as such items are further described in the management information circular of Tangelo dated August 10, 2018 that is available on SEDAR at www.sedar.com. Tangelo has applied for a final order of the Ontario Superior Court of Justice (Commercial List) for approval of the Arrangement. Subject to final court approval being obtained and the satisfaction or waiver of all remaining closing conditions, the Arrangement is expected to become effective on or about September 18, 2018. Following completion of the Arrangement, Tangelo will make an application to have the Tangelo Shares delisted from the TSX Venture Exchange and an application will also be made for Tangelo to cease to be a reporting issuer in the applicable jurisdictions.

[nervous64]

It was a done deal. Still, 55,000,000 shares voted NO! There was no way the lay shareholder was going to win, still 55M, no too bad. Good luck to all on your next investment, I'm licking my wounds. 

[willis888]

approx. 184 million shares outstanding.30% -55,200,000 voted.91% yes is 50,200,000. 9% no is about 5 million no. Just seems very low for the amount os unhappy people.Beating a dead dog,it's over. Biggest loss ever.total idiot for holding this one.

[nervous64]

My bad, misread the release. Good luck Willis