BUFFALO COAL CORP. ("BUF")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: April 20, 2023
TSX Venture Tier 2 Company
Further to the Company's press releases dated March 15, 2023 and April 17, 2023 and April 20, 2023, the common shares of Buffalo Coal Corp. (the "Company") will be delisted from TSX Venture Exchange effective at the close of business, Friday, April 21, 2023.
The delisting of the Company's common shares results from the completion of a going private transaction by way of common share consolidation and purchase of fractional shares for cancellation, as approved by more than two-thirds of the votes cast by shareholders of the Company at the shareholders' meeting held on April 17, 2023.
Under the going private transaction, all of the common shares of the Company were consolidated on the basis of 1 new common share for each 60,000,000 old common shares. All resulting fractional shares will be repurchased by the Company for the sum of $0.01 for each pre-consolidation share, less any amount in respect of taxes required by law to be deducted or withheld. The common share certificates held by holders of such fractional shares represent only the right to receive such cash payments. Following the consolidation, Belvedere Resources DMCC became the sole shareholder of the Company.
For more information, please refer to the Company's Management Information Circular dated March 14, 2023 for further details.
________________________________________
|
|
