07:21:35 EDT Sat 04 Apr 2020
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or Name

Bewhere Holdings RTO completed

2016-02-08 16:06 ET - Major Transaction Completed

The TSX-V has accepted for filing Bewhere Holdings Inc.'s reverse takeover which includes the arm's-length acquisition of all the shares of Bewhere Inc. for consideration of 18,999,996 shares. A finder's fee of 1,166,667 shares will be paid to Lions Edge Capital Inc. in connection with the RTO. The exchange has been advised that the above transactions, approved by shareholders on Jan. 26, 2016, have been completed.

Capitalization:  unlimited shares with no par value of which 40,256,324 shares are issued and outstanding

Escrow:  18,999,996 shares will be subject to a three-year exchange value escrow

The company is classified as a technology company.

The company has met the requirements to be listed as a Tier 2 company. Therefore, effective on Monday, Feb. 8, 2016, the company's listing will transfer from the NEX to the TSX-V, the company's tier classification will change from the NEX to Tier 2, and the filing and service office will change from the NEX to Vancouver.

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