TSX VENTURE COMPANIES
ABE RESOURCES INC. ("ABE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 5, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to agreements dated May 11, 2017, between ABE Resources Inc. (the "Company"), Pioneer Resources Inc. ("Pioneer") and the shareholders of Pioneer, in connection with the acquisition of all of the issued and outstanding shares of Pioneer. In consideration for that acquisition, the Company has issued a total of 8,418,080 post-consolidated common shares at a deemed price of $0.05 per share having a total deemed value of $420,904, including: (i) 5,500,000 common shares in exchange for all of the issued and outstanding common shares of Pioneer, and (ii) 2,918,080 common shares to settle $145,904 in outstanding indebtedness of Pioneer owed to certain current officers, directors, and shareholders of Pioneer. The Company completed a 2:1 consolidation of its issued and outstanding securities that became effective on the Exchange as at May 12, 2017.
Please refer to the Company's press releases dated November 15, 2016, April 21, 2017 and May 12, 2017, for more information.
RESSOURCES ABE INC. (" ABE ")
TYPE DE BULLETIN : Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN : Le 5 juin 2017
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de la documentation relativement a des conventions datees du 11 mai 2017 entre Ressources ABE inc. (la " societe "), Ressources Pionnier inc. (" Pionnier ") et les actionnaires de Pionnier, relativement a l'acquisition de toutes les actions emises et en circulation de Pionnier. En consideration de cette acquisition, la societe a emis un total de 8 418 080 actions ordinaires sur une base post-consolidee a un prix repute de 0,05 $ par action pour une valeur totale reputee de 420 904 $, incluant : (i) 5 500 000 actions ordinaires en echange de toutes les actions ordinaires emises et en circulation de Pionnier, et (ii) 2 918 080 actions ordinaires en reglement de dettes de Pioneer totalisant 145 904 $ et dues a certains dirigeants, administrateurs et actionnaires de Pionnier. La societe a complete une consolidation de ses titres emis et en circulation sur une base 2:1 qui est devenue en vigueur a la Bourse le 12 mai 2017.
Veuillez-vous referer aux communiques de presse emis par la societe les 15 novembre 2016, 21 avril 2017 et 12 mai 2017 pour de plus amples renseignements.
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