06:21:49 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Inform Exploration Corp
Symbol IX
Shares Issued 8,292,400
Close 2014-05-12 C$ 0.16
Market Cap C$ 1,326,784
Recent Sedar Documents

Inform Exploration reverse takeover

2014-08-22 18:50 ET - Major Transaction Completed

The TSX Venture Exchange has accepted for filing Inform Exploration Corp.'s (now OrganiGram Holdings Inc.) reverse takeover (RTO) and related transactions, all as principally described in its filing statement dated July 30, 2014. The RTO includes the following matters, all of which have been accepted by the exchange.

Acquisition of all of the issued and outstanding shares of OrganiGram Inc.

The company entered into a share exchange agreement dated as of June 13, 2014, with OrganiGram and the majority shareholders of OrganiGram, pursuant to which the company agreed to acquire all of the issued and outstanding common shares of OrganiGram in exchange for 34.5 million postconsolidated common shares of the company.

The company paid a finder's fee of 325,000 common shares to Kendo Capital Inc. (Richard Smith).

OrganiGram's business involves the growing of marijuana indoors for the purposes of beginning the sale and distribution of finished product in accordance with the marihuana for medical purposes regulations (Canada) issued pursuant to the Controlled Drugs and Substances Act (Canada). OrganiGram began production in late March, 2014, and has begun the client registration process. OrganiGram has plants at various stages of growth and anticipates that it will be able to commence the sale and distribution of its products in the third quarter of 2014.

The exchange has been advised that the company's acquisition of OrganiGram and the related transactions have received shareholder approval and have been completed. For additional information, refer to the filing statement available under the company's profile on SEDAR.

Effective at the opening on Monday, Aug. 25, 2014, trading in the shares of the company will resume.

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