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Acme Capital Corp Announces Update To Qualifying Transaction With Pivot Acquisition Corp.


Sunday, 17 Mar 2013 06:45pm EDT 

Acme Capital Corp announced that the TSX Venture Exchange Inc. (the Exchange) has conditionally accepted the previously announced transaction with Pivot Acquisition Corp. (Pivot) as the Corporation's qualifying transaction pursuant to the policies of the Exchange (the Qualifying Transaction). Final approval of the Exchange is subject to the Corporation fulfilling all of the requirements of the Exchange. Acme also announced that Pivot completed a private placement (the Private Placement) of 4,421,625 subscription receipts at a price of $0.80 per subscription receipt for gross proceeds of $3,537,300. Each subscription receipt entitles the holder thereof to acquire one Class A common share in the capital of Pivot (each a Pivot Share) immediately prior to the completion of the Qualifying Transaction. Each Pivot Share issued and outstanding immediately prior to the completion of the Qualifying Transaction will be cancelled and the holders thereof will receive one fully paid and non-assessable common share in the capital of the Corporation (each a Resulting Issuer Share) for each Pivot Share. 

Company Quote

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22 Aug 2014