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Chrysalis Capital VIII Corp Announces Filing Of Final Prospectus For Qualifying Transaction With Fresco Microchip Inc. And RedMere Technology Limited


Monday, 24 Dec 2012 01:01pm EST 

Chrysalis Capital VIII Corp announced that it has filed a final non-offering prospectus dated December 21, 2012 with the securities commissions in Ontario, British Columbia and Alberta in connection with its previously announced proposed qualifying transaction with Fresco Microchip Inc. (Fresco) and RedMere Technology Limited (RedMere). Under the terms of the definitive acquisition agreement dated July 12, 2012, the Corporation will acquire all of the issued and outstanding shares in the capital of RedMere and Fresco. Upon completion of the Transaction, the Corporation will be the resulting issuer with each of RedMere and Fresco becoming a wholly-owned or indirect subsidiary of the Corporation. The Transaction is currently scheduled to close in January, 2013. Following closing of the Transaction, the Corporation intends to change its name to Spectra7 Microsystems Inc.. Terms of transaction were not disclosed. 

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