Thunder Bay, Ontario (FSCwire) - Family Memorials Inc. (TSXV-FAM) (the
“Amalco”) announces that Family Memorials Inc. (“Family Memorials”) (TSX-V.FAM) has closed the previously
announced amalgamation with 1142431 B.C. Ltd. (the “Amalgamation”) to form Amalco, which will continue under the name Family
Memorials Inc.
Under the terms of the Amalgamation, Scott C. Kellaway (the “Acquiror”) received common shares of Amalco and the
shareholders of Family Memorials (the “Public Shareholders”), other than the Acquiror, received Class A preferred shares of
Amalco which in turn were immediately exchanged for common shares of Thunder River Enterprises Inc. (“Thunder River”) on the
basis of one Thunder River common share for one Amalco Class A preferred share. As a result of the Amalgamation, Amalco
will be a private company owned solely by the Acquiror and the common shares of Thunder River, becomes a “reporting issuer” under
applicable securities laws, and is owned by the former Public Shareholders of the Family Memorials.
As a condition of the privatization, Family Memorials redeemed convertible secured debentures in the principal
amount of $4,397,000 by payment of $3,398,000 in full satisfaction of all liabilities under the debentures.
Amalco has received confirmation from the TSX Venture Exchange (the “Exchange”) that effective at the close of
business on Thursday, February 15, 2018, the common shares of Family Memorials will be delisted from the Exchange. Amalco
will concurrently make an application to the Canadian securities regulatory authorities for an order that Amalco, which became a
reporting issuer by virtue of the Amalgamation, will no longer be a reporting issuer under applicable Canadian securities
laws.
The Amalgamation is more fully described in the management information circular of Family Memorials dated December
15, 2017 which is available on Family Memorial’s SEDAR profile at www.sedar.com.
For information, please contact:
Scott C. Kellaway
Family Memorials Inc.
(807) 577-6463
familymemorials@tbaytel.net
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of
the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the associated document to this release, please click on the following link:
public://news_release_pdf/FamilyMemorials02092018.pdf
To view the original release, please click here
Source: Family Memorials Inc. (TSX Venture:FAM)
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