TSX VENTURE COMPANIES
MACRO ENTERPRISES INC. ("MCR")
BULLETIN TYPE: -Plan of Arrangement, Delist
BULLETIN DATE: April 21, 2022
TSX Venture Tier 1 Company
Plan of Arrangement:
Pursuant to an arrangement (as amended, the "Arrangement"), 1325996 B.C. Ltd. ("AcquireCo"), an entity to be controlled by Frank Miles ("Miles"), and jointly owned by Miles and Jeff Redmond ("Redmond", and together with Miles, the "Participating Shareholders") acquired all of the issued and outstanding shares in the capital of Macro Enterprises Inc. (the "Company").
In connection with the Arrangement, holders of common shares in the capital of the Company (the "Macro Common Shares"), other than the Participating Shareholders, but including Miles with respect to certain Macro Common Shares held by Miles, will receive C$4.00 per share (less applicable withholdings) for each Macro Common Share held.
The Arrangement was completed pursuant to an arrangement agreement dated February 14, 2022, as amended on April 1, 2022, under Division 5 of Part 9 of the Business Corporations Act (British Columbia).
The TSX Venture Exchange (the "Exchange") has been advised that the requisite security holders approval in connection with the Arrangement was obtained from the security holders of the Company at the meeting held on April 4, 2022. The Supreme Court of British Columbia granted the final order approving the Arrangement on April 6, 2022.
For further information, refer to the Company's news releases dated February 14, 2022, March 4, 2022, March 20, 2022, March 21, 2022, March 28, 2022, April 1, 2022, April 4, 2022 and April 6, 2022, as well as the Company's Information Circular dated February 28, 2022, all of which are available under the Company's SEDAR profile.
Delist:
In conjunction with the completion of the Arrangement, the Company has requested that the Macro Common Shares be delisted. Accordingly, effective at the close of business on Friday, April 22, 2022, the Macro Common Shares, under the symbol MCR, will be delisted from the Exchange.
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