Ms. Julie Hajduk reports
GRAVIS RECEIVES CONDITIONAL APPROVAL FOR FUNDAMENTAL
CHANGE
Gravis Energy Corp. has received
conditional acceptance from the Canadian Securities Exchange for its proposed acquisition by
the company of all of the issued and outstanding securities of BiocurePharm Corp., which
is a fundamental change within the meaning of the applicable policies of the CSE. For additional details
concerning the transaction, please refer to the company's news release dated March 22, 2017.
The conditions for the company to receive the final approval of the CSE include obtaining shareholder
approval and submitting all final remaining listing documentation and fees. The company intends to seek
shareholder approval by way of written consent, which it expects to receive within the next 14 days.
As previously announced, prior to the closing, the company will consolidate its share capital on a 1:6.033479
basis, and will acquire all of the issued and outstanding securities of
BiocurePharm in consideration of the issuance of common shares of the company on the basis of 24 postconsolidation common shares of the company being issued for each share of BiocurePharm held. Upon
completion of the transaction, the company will change its name to Biocure Technology Inc., and its
stock symbol will be changed to CURE. The company will announce the effective dates for theconsolidation and change of name once finalized.
The company anticipates that the closing of the transaction will occur late in September to allow sufficient
time for the corporate law procedures by which the company will acquire BiocurePharm to be completed
under Korean law. The company's shares will remain halted until the final approval of the CSE is received.
About Gravis Energy Corp.
Gravis Energy is a Canadian-based uranium exploration and development company
which has a property in the Athabasca basin, Saskatchewan. Gravis has a 10-per-cent interest in a
Korean consortium which includes Korea Hydro & Nuclear Power Co. Ltd., Korea Nuclear Fuel Co. Ltd.
and Hanwha Corp.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.