BEVO AGRO INC. ("BVO")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: December 5, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing subscription agreements between CubicFarm Systems Corp ("Cubic"), a 54% owned subsidiary of Bevo Agro Inc. ("Bevo Agro"), and various accredited investors under which Cubic will sell from treasury 64,250 Class A Preferred shares (the "Preferred Shares") at a price of $8.95 per share for proceeds of $575,037.50. Each Preferred Share will be convertible into common shares of Cubic on a one-for-one basis without payment of further consideration. As a result of the transaction, Bevo's interest in Cubic will be reduced from 54% to 51%.
Insider / Pro Group Participation: Nil.
For further information please refer to Bevo Agro's news release dated December 5, 2016 which is available under Bevo Agro's profile on SEDAR.
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