Mr. David D'Onofrio reports
POCML 2 INC. ANNOUNCES CONDITIONAL APPROVAL OF QUALIFYING TRANSACTION WITH BEDROCAN CANADA AND RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
POCML 2 Inc. has received
the conditional approval of the TSX Venture Exchange to complete its
proposed qualifying transaction with Bedrocan Canada Inc. as previously
announced in its press release dated May 15, 2014.
In connection with the completion of its qualifying transaction, POCML
is also pleased to announce the results of the voting at its annual and
special meeting of shareholders held on July 31, 2014,
in Toronto, Ont., Canada, at which: (i) all director nominees listed
in the corporation's management information circular dated June 30,
3014, were elected as directors of the corporation; (ii) Collins Barrow
Toronto LLP, chartered accountants, was reappointed as auditor of the
corporation; (iii) the consolidation of the issued and outstanding
common shares of the corporation on the basis of one new common share
for every two old common shares then outstanding was approved; (iv)
shareholders approved the change of name of the corporation from POCML
2 Inc. to Bedrocan Cannabis Corp. or to such other name as may be
determined and acceptable to the board of directors of the corporation
and the applicable regulatory authorities; and (v) the termination of
the previous stock option plan of the corporation and the adoption of a
new stock option plan for the corporation were approved.
Further
details of the matters considered and approved at the meeting are
contained in the management information circular of POCML dated June
30, 2014, which is available on SEDAR.
We seek Safe Harbor.
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