TERRA FIRMA CAPITAL CORPORATION ("TII")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: October 30, 2023
TSX Venture Tier 2 Company
Effective at the close of business on Tuesday, October 31, 2023, the common shares of Terra Firma Capital Corporation ("Terra") will be delisted from TSX Venture Exchange. The delisting of Terra shares results from the completion of a court-approved Plan of Arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to an Arrangement Agreement dated August 31, 2023, as amended, among Terra and GM Capital Corp. (the "Buyer"), a company controlled by Y. Dov Meyer, the executive chairman of Terra and Seth Greenspan, managing director of Terra, and their respective associates, whereby the Buyer has acquired all of the issued and outstanding common shares of Terra.
The Arrangement was approved by Terra's shareholders on October 19, 2023 and approved by the Ontario Superior Court of Justice on October 24, 2023. Under the terms of the Arrangement, Terra's shareholders (other than the Buyer) will receive $7.30 in cash for each Terra common share held.
For further details, please refer to Terra's Management Information Circular dated September 20, 2023 and news releases dated August 31, 2023, October 11, 2023, October 19, 2023 and October 27, 2023.
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