TSX VENTURE COMPANIES
CORDY OILFIELD SERVICES INC. ("CKK")
BULLETIN TYPE: Amalgamation, Delist
BULLETIN DATE: April 26, 2022
TSX Venture Tier 1 Company
Delist
Effective at the close of business on Thursday, April 28, 2022, the common shares will be delisted from TSX Venture Exchange at the request of the Company.
Amalgamation
The delisting of the Company's common shares results from the completion of an amalgamation agreement ("Agreement") dated February 25, 2022 between Vertex Resource Group Ltd. ("Vertex"), Vertex Energy Services Ltd. ("Subco"), a wholly-owned subsidiary of Vertex, and the Company. Pursuant to the terms of the Agreement, the Company will complete a three-cornered amalgamation ("Amalgamation") whereby the Company will amalgamate with the Subco under the Business Corporation Act (Alberta) and each shareholder of the Company will be entitled to receive 0.081818 Vertex share for every one (1) share of the Company held which will result in the issuance of approximately 18,913,253 shares on aggregate.
The Amalgamation was approved by the Company's shareholders at a special shareholders' meeting held on April 22, 2022.
For further information, please refer to the Company's news releases dated February 25, 2022, April 22, 2022 and April 25, 2022, and Management Information circular dated March 22, 2022, which is available on SEDAR.
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