For more information, please contact: MJ Innovation Capital Corp. Bryan Van Engelen The CPC Amendments enhance access to capital for Capital Pool Companies (CPCs) and growth-companies alike by increasing the flexibility of the CPC Program … Within 24 months of listing on the TSX, the capital pool company must complete a qualifying transaction or face delisting. The qualifying transaction is an agreement to purchase a company and incorporate its shares into the public company, similar to a reverse takeover. A qualifying transaction involves the creation of a capital pool company (CPC) that acquires all of the outstanding shares of the private company, making it … process, a new company (known as a “Capital Pool Company”) is listed on the TSXV by way of an initial public offering. This capital is used to write up an investment prospectus and do due diligence on target companies to execute a reverse take over transaction (also known as a Qualifying Transaction “QT”). The Company believes that the removal of the requirement to complete a Qualifying Transaction within 24 months of Listing Date, and the associated consequences of not completing such requirement, as exists under Policy 2.4, will put the Company in a better position to complete a Qualifying Transaction that will be beneficial to the Shareholders and the Company, by allowing … VANCOUVER, BC, Jan. 26, 2021 /CNW/ – Pontus Protein Ltd. (“Pontus” or the “Company“) (TSXV: HULK), formerly known as “AmWolf Capital Corp.” (“AmWolf“), is pleased to announce that it has completed its previously announced Qualifying Transaction, as defined under TSX Venture Exchange (the “Exchange“) Policy 2.4 – Capital Pool Companies (“Policy 2.4“), with 42 … Calgary, Alberta--(Newsfile Corp. - May 18, 2021) - Global Investments Capital Corp. (TSXV: GLIN.P) ("Global" or the "Company"), a capital pool company listed on the TSX Venture Exchange ("TSXV" or the "Exchange"), announces that, pursuant to recent changes by the TSXV to its Capital Pool Company program and TSXV Policy 2.4 - Capital Pool Companies ("Policy 2.4"), which … On May 19, 2021, Sol Cuisine Ltd. (TSXV: PN.P) (formerly Platform 9 Capital Corp.) (the Company ) announced that it had completed its previously announced Qualifying Transaction in accordance with TSX Venture Exchange (TSXV) Policy 2.4 - Capital Pool Companies (the Transaction ) pursuant to the terms of the Business Combination Agreement dated April 14, 2021 between the Company… Under the Exchange's Policy 2.4 - Capital Pool Companies (as at June 14, 2010) (the "Former Policy") there are certain consequences if a Qualifying Transaction is not completed within 24 … 9 Capital and Churchill also announce that prior to the completion of the Transaction, Churchill will complete a non-brokered private placement … Vancouver, British Columbia--(Newsfile Corp. - May 29, 2020) - Daura Capital Corp. (TSXV: DUR.P) (the "Company" or "Daura"), a capital pool company listed on the TSX Venture Exchange (the "TSXV") is pleased to provide an update on the status of its proposed qualifying transaction (the "Qualifying Transaction… It has not commenced commercial operations and has no assets other than a minimum amount of cash. The Company is a "Capital Pool Company" under … Subject to such final approval, the Company will no longer be a capital pool company and will be classified as a Tier 2 Mining Issuer pursuant to TSXV policies trading under the symbol "NSC". Graphene Manufacturing Group and Cuspis Capital Announce Closing of Qualifying Transaction By Troy ... Cuspis will no longer be a capital pool company, and the Company will be classified as a Tier 1 Industrial Issuer pursuant to TSXV policies, trading under the symbol "GMG". The common shares of Dash ... carried out by parties dealing at arm's length to one another and therefore will not be considered a "Non-Arm's Length Qualifying Transaction" as such term is defined in the CPC Policy. Graphene Manufacturing Group Ltd. (formerly Graphene Manufacturing Group Pty Ltd.) (“GMG” or the “Company“) and Cuspis Capital Ltd. (TSXV: CUSP.P) (“Cuspis“) are pleased to announce that they have completed their previously announced qualifying transaction (the “Transaction“) under TSX Venture Exchange (“TSXV“) Policy 2.4 – Capital Pool Companies. Sponsorship for Qualifying Transaction. Unilock is a capital pool company created pursuant to the policies of the TSX-V. Announces Update to Proposed Qualifying Transaction. be large enough to undertake a qualifying transaction with a special purpose acquisition company (SPAC). In stage two (the “Qualifying Transaction”), the Capital Pool Company acquires an asset or completes a transaction with a private business which results in the listing of the acquired business on the TSXV. The Company will issue a news release once the TSXV issues the Exchange Bulletin advising of the … Real-time Level 2 Market Depth. For more information on CPCs: TSX Venture Policy 2.4 – Capital Pool Companies; Guide to the Capital Pool Company Program; Currently Available Capital Pool Companies; If you have an active business and are considering a reverse take-over by a public … Includes contact, share capital and geographic region information. Cuspis Capital Ltd. & GMG Announce Signing of Acquisition Agreement for Qualifying Transaction. Daura Capital Corp. back 3. The qualifying transaction … It is intended that the Transaction, when completed, will constitute the "Qualifying Transaction" of Dash pursuant to Policy 2.4 - Capital Pool Companies (the "CPC Policy") of the TSXV. Terms of the Transaction . To date Plymouth has not completed a Qualifying Transaction (“QT”) as … Within 24 months of listing on the TSX, the capital pool company must complete a qualifying transaction or face delisting. news releases. The second stage involves the completion of a “Qualifying Transaction” which, generally speaking, is a transaction whereby the CPC acquires an asset or business which allows the CPC to meet the Initial Listing Requirements of the TSXV, thereby elevating it from a CPC designation to a regular Tier 1 or Tier 2 listing on the TSXV. As a result, a special meeting of the shareholders of Dash is not required by the … Toronto, Ontario--(Newsfile Corp. - June 10, 2021) - MJ Innovation Capital Corp. (TSXV: MSMJ.P) ("MJ") is pleased to announce that it has entered into … Hansco intends to apply for an exemption from the sponsorship requirements under section 3.4 of Exchange Policy 2.2 or a waiver of sponsorship if an exemption from sponsorship is … and assets with a view to completing a Qualifying Transaction. Capital Pool Companies that have not announced a Qualifying Transaction: List of Capital Pool Companies that need to find a Qualifying Transaction. Yuntone Realty Capital Corp. is a capital pool company ("CPC") as defined by Exchange Policy 2.4 ("Policy 2.4") and the shares were listed for trading under the trading symbol "YTC.H". Hemptown Organics, a diversified hemp company doing business as Hemptown USA, today provided an update further to its previous news releases on the proposed acquisition of Hemptown by Spectre Capital Corp. (TSX.V: SOO.P), a capital pool company listed on the TSX Venture Exchange.According to the update, the transaction, once complete, is expected to result in the … Significant Assets are one or … It does not own any assets, other than cash or cash equivalents and its rights under the definitive agreement. Sponsorship of a Qualifying Transaction of a capital pool company is required by the Exchange unless exempt in accordance with Exchange policies or unless a waiver is granted by the Exchange. Sponsorship of a Qualifying Transaction of a Capital Pool Company is required by the TSXV unless exempt in accordance with the Policies. On December 1, 2020, the TSX Venture Exchange announced significant changes to its Capital Pool Company program, which we expect to be well-received by participants in the CPC program. Subject to the receipt of all requisite regulatory approvals, the amendments to the TSXV’s Corporate Finance Manual will become effective on January 1, 2021. merger transaction with a privately held company or business, referred to as a Qualifying Transaction. Sponsorship of a Qualifying Transaction of a Capital Pool Company is required by the TSXV unless exempt in accordance with the Policies. The CPC then uses the funds raised via its initial seed financing and its CPC offering to identify, evaluate and acquire existing assets or businesses through a "qualifying transaction" ("QT"). TCAP intends to apply for an exemption from sponsorship requirements; however, there is no assurance that it will be able to obtain this exemption. Resulting Issuers … The qualifying transaction is an agreement to … The TSX Venture Exchange has accepted for filing NBS Capital Inc.'s qualifying transaction (QT), as described in its filing statement dated April 20, 2021. The Company is a Capital Pool Company (“ CPC ”). About Dona Blanca. Although a purely Canadian investment structure, the Program functions similar to ‘blank check’ underwriting deals in the United States, also known as ‘blind pools.’ Under the Program, private companies are introduced to the market through a two-step program: (1) listing a capital pool company ( CPC ), and (2) completing a ‘qualifying transaction’. Trading in the securities of a capital pool company should be considered highly speculative. The CPC Program provides a proven process and framework for introducing experienced investors to entrepreneurs whose junior growth companies are looking for both capital and management experience. For private companies looking to take their company public, a Capital Pool Company (CPC) provides an excellent alternative to the traditional IPO. At this stage, the CPC is not listed on the TSX Venture Exchange. It is intended that the Transaction, when completed, will constitute the "Qualifying Transaction" of Justify pursuant to Policy 2.4 - Capital Pool … Sponsorship of a Qualifying Transaction of a Capital Pool Company is required by the TSXV unless exempt in accordance with the Policies. CPE News (3/9/2021) – Platform 9 Capital Corp. (TSX-V: PN.P), a Capital Pool Company (CPC), has entered into of a Letter of Intent (LOI) dated March 5, 2021 with Sol Cuisine Inc. to enable Sol Cuisine to complete a going-public transaction on the TSX Venture Exchange. ACC completed its Initial Public Offering on August 30, 2019 and is classified as a Capital Pool Company (“CPC”) as defined in the TSXV Policy 2.4. Announces Qualifying Transaction with SPARQ Systems Inc. Toronto, Ontario--(Newsfile Corp. - June 10, 2021) - MJ Innovation Capital Corp. (TSXV: MSMJ.P) ( … Articles @newsfile/mj-innovation-capital-corp-announces-qualifying-transaction channel Get CEO.CA Pro. The CPC Program allows seasoned directors and officers to create companies, or CPCs, with no assets (other than cash) and no commercial operations but with a mandate to pursue transactions … A CPC is a clean shell company … The Qualifying Transaction was completed by way of a three-cornered amalgamation pursuant to which, among other things, (i) Magna amalgamated with 2813443 Ontario Inc., a wholly-owned subsidiary of the Company, pursuant to the provisions of the Business Corporations Act (Ontario) and continued as an amalgamated corporation under the name “Magna Mining (Canada) Corp.” … CPCs may also now loan up to the greater of $250,000 or 20% of the CPC’s working capital to a Target Company in a Qualifying Transaction. The CPC Program, with its origins in the junior mining and oil and gas industries, has long been a favoured vehicle for early stage access to public capital, facilitating the growth and development of projects through the CPC's qualifying transaction process. As a CPC, ACC’s objective is to identify and acquire either operating assets or a business, subject to regulatory approval, that meet the criteria of a Qualifying Transaction as defined by the TSXV. has 24 months to identify a private company to merge with and exchange shares through VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) -- Tri Capital Opportunities Corp. (“TCAP” or the “Company”) (TSXV: TCAP.P), a capital pool company, is pleased to announce that, further to its news release dated May 13 th, 2021, the Company has increased its non-brokered private placement in connection with its Qualifying Transaction to up to CDN $800,000 … Justify Capital Corp. Enters into Letter of Intent for Qualifying Transaction with Everyday People Financial Inc. Calgary, Alberta--(Newsfile Corp. - May 10, 2021) - Justify Capital Corp. ( … The Aird & Berlis Capital Pool Company/Reverse Takeover Group has a wealth of knowledge and experience in assisting clients with their qualifying transactions onto the TSX Venture Exchange (TSXV) or the Toronto Stock Exchange through the TSXV Capital Pool Company (CPC) program or their reverse takeovers onto the Canadian Securities Exchange or NEO Exchange. Sponsorship for Qualifying Transaction. The TSX Venture Exchange Inc. has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release. NBS Capital qualifying transaction. The quality of private companies that use the Capital Pool Company program, as measured by the operating performance at the time of the qualifying transaction, is abnormally poor. The common shares of Dash ... carried out by parties dealing at arm's length to one another and therefore will not be considered a "Non-Arm's Length Qualifying Transaction" as such term is defined in the CPC Policy. If completed, the Proposed Transaction would constitute an arm's length "Qualifying Transaction" for the Company, as such term is defined in Policy 2.4 – Capital Pool … The Capital Pool Company (CPC) Program is a unique Canadian invention that supports earlier stage private companies to complete a go public transaction. The purpose of a capital pool company is to find and acquire an active business. Click for live demo. It is intended that the Transaction, when completed, will constitute the "Qualifying Transaction" of Dash pursuant to Policy 2.4 - Capital Pool Companies (the "CPC Policy") of the TSXV. Once the CPC completes its QT and acquires an operating business that meets the TSXV listing requirements, its securities continue trading as a regular listing on the TSXV. The Proposed Transaction is expected to constitute MJ's "qualifying transaction" pursuant to the policies of the TSX Venture Exchange (the "TSXV" or the "Exchange"). As a result, at the opening on Friday, May 7, 2021, the company will no longer be considered a capital pool company. Once the CPC has completed its Qualifying Transaction and acquired an operating business that meets TSXV requirements, its shares trade as a regular listing on the TSXV. Stage 1. Updated Jun 5, 2018. A qualifying transaction is a transaction where a capital pool company (CPC) acquires significant assets, other than cash, such as a private business or businesses. Daura intends to apply for a … Hansco intends to apply for an exemption from the sponsorship requirements under section 3.4 of Exchange Policy 2.2 or a waiver of sponsorship if an exemption from sponsorship is … CPCs may also now loan up to the greater of $250,000 or 20% of the CPC’s working capital to a Target Company in a Qualifying Transaction. As a result, a special meeting of the shareholders of Dash is not required by the …
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