TSX VENTURE COMPANIES
KFG RESOURCES LTD. ("KFG")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: May 3, 2021
TSX Venture Tier 2 Company
Plan of Arrangement:
The Exchange has approved plan of arrangement (the "Plan of Arrangement"), between KFG Resources Ltd. ("KFG") and Cadillac Ventures Inc. ("Cadillac") whereby Cadillac is offering one common share of Cadillac (a "Cadillac Share") for each KFG Share.
The Plan of Arrangement was approved by KFG shareholders at a special meeting held on April 15, 2021, pursuant to a resolution passed by KFG shareholders. KFG received a final order from the Supreme Court of British Columbia, dated April 19, 2021, in connection with the Plan of Arrangement.
Pursuant to the Plan of Arrangement, KFG will become a wholly-owned Subsidiary of Cadillac and there will be approximately 150,960,910 Cadillac Shares issued and outstanding, of which approximately 33.48% will be held by former KFG Shareholders.
The Plan of Arrangement is fully described in KFG Information Circular dated March 12, 2021 and KFG news release dated May 3, 2021.
Delist:
In conjunction with the closing of the Plan of Arrangement, the Shares of KFG will be delisted from the Exchange. Accordingly, effective at the close of business Tuesday, May 4, 2021 the Shares of KFG will be delisted.
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