Lineage Receives CSE Conditional Approval, Files Listing Statement And Amendment To Shareholder Meeting Circular
/EIN News/ — TORONTO, April 30, 2019 (GLOBE NEWSWIRE) — Lineage Grow Company Ltd. (CSE:BUDD) (“Lineage” or the “Company”) announced today that it received conditional approval from the Canadian Securities Exchange (the “CSE”) for the proposed business combination (the “Business Combination”) that will result in a reverse takeover (“RTO”) of the Company by FLRish, Inc. (“FLRish”) and the listing for trading of the subordinate voting shares of the resulting issuer to be renamed “Harborside Inc.” (the “Resulting Issuer”) on the CSE. Listing of the Resulting Issuer securities will be subject to satisfaction of all conditions of the CSE, including completion of any and all outstanding CSE application documentation and payment of fees pursuant to the Policies, completion of the Business Combination, filing an updated final listing statement, and no material adverse changes reflected in the final listing statement from the draft listing statement.
Lineage also announced that it filed an amendment to its notice of meeting and management information circular dated April 9, 2019 (the “Circular”) for its special shareholder meeting scheduled to be held on May 16, 2019 (the “Meeting”), which was called to approve matters relating to the Business Combination. The amendment to the Circular includes a draft CSE Form 2A – Listing Statement which provides detailed disclosure on the Business Combination, FLRish, Lineage and the Resulting Issuer.
Except as described above, the Circular remains unchanged from the version that was filed on SEDAR and posted on the Company’s website. The amendment to the Circular, including the Listing Statement, will also be available on SEDAR and on the Company’s website.
Shareholders are strongly urged to review the Listing Statement carefully before voting at the Meeting.