Calgary, Alberta--(Newsfile Corp. - November 28, 2024) - Rumbu Holdings Ltd. (TSXV: RMB) ("Rumbu" or the "Company"), announces that at its Annual and Special Meeting which was held yesterday, the members of the Board of Directors of the Company were approved for the ensuing fiscal year and include Daryl Lockyer, President and CEO, Jamie D. Lockyer, Vice President, Ross O. Drysdale, Chairman and Secretary, and independent Directors, J. Michael Sullivan and Shane A. Wylie. In addition, the Majority of the Minority of the Shareholders of the Company approved the transaction for the Company to acquire Grace Gardens Holdings Ltd. ("Holdings") and its wholly owned subsidiary Grace Gardens Funeral Chapel Ltd., a funeral home business located in St. Paul, Alberta. The Grace Gardens transaction requires the final approval of the TSX Venture Exchange ("TSXV"), after which, the Company will acquire all of the issued and outstanding shares of Holdings from Daryl and Jamie Lockyer. When this transaction has been approved, the Company will have completed the acquisition of five (5) funeral homes and plans to complete one more acquisition in the current calendar year. The Company also announces that it has released the Financial Statements and Management's Discussion and Analysis for the Quarter ended September 30, 2024, which can be found on SEDAR.
About Rumbu
Rumbu is a publicly traded Funeral Service, Memorial and Death Care Company trading on the TSX Venture Exchange under the trading symbol RMB. The Company operates in the funeral home business in Western Canada and is committed to acquiring, partnering, managing and operating funeral homes and crematoriums and providing funeral services to the public in its market area.
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.
Cautionary and Forward-Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward- looking statements. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable laws.
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