CERF INCORPORATED ("CFL")
WINALTA INC. ("WTA")
BULLETIN TYPE: Plan of Arrangement-Delist-Offer to Purchase
BULLETIN DATE: September 4, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pursuant to a Court approved Plan of Arrangement dated June 26, 2014 (the "Arrangement") between CERF Incorporated (the "Company") and Winalta Inc. ("Winalta"). Approval of the Arrangement was obtained from shareholders of the Company and shareholders of Winalta at their respective Special Meeting of Shareholders held on August 26, 2014. Additionally, shareholders of the Company approved Mr. Artie Kos as a new Control Person of the Company, who will beneficially control approximately 22.3% of the common shares of the Company upon closing, and to increase the size of the board of directors of the Company from five to seven. Pursuant to the terms of the Arrangement, shareholders of Winalta received 0.3352 of a common share of the Company for each common share of Winalta held. Accordingly, 14,456,717 common shares of the Company were issued.
Effective at the open of business on Friday, September 5, 2014, the common shares of Winalta will be delisted from the Exchange and common shares CERF Incorporated will remain trading. For further information please refer to the joint information circular dated July 25, 2014 and the company's news release dated August 27, 2014.
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