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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
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Taggart Capital Corp Announces Completion Of Qualifying Transaction


Tuesday, 29 Jan 2013 07:40pm EST 

Taggart Capital Corp announced that is has closed its previously announced Qualifying Transaction. The Qualifying Transaction involved three components, as disclosed in the Company's announcement earlier and in its filing statement dated January 18, 2013(the Filing Statement): the purchase of a 10,574 square-foot two-storey commercial retail property located at 135 Main Street in Moncton, New Brunswick(the Acquisition); the introduction of a new management team through the resignation of the current directors and officers of the Company and the replacement thereof by a new management team and board (the Change in Management); and the completion of two separate private placements for aggregate gross proceeds of approximately $6,583,000 (the Private Placements). The Private Placements were comprised of two separate transactions completed through the issuance of 21,108,566 subscription receipts (the Subscription Receipts) at a price per Subscription Receipt of $0.30 (the QT Private Placement), and the issuance of 1,587,302 common shares at a price per share of $0.1575 (the New Management Private Placement). The new management team of the Company (the New Management Team) consists of: James W. Beckerleg, who serves as President, Chief Executive Officer (CEO) and Director, Gordon G. Lawlor who serves as Chief Financial Officer (CFO) and Director. 

Company Quote

2.25
-0.04 -1.75%
15 Sep 2014