An anonymous director reports
CASCADIA CONSUMER ELECTRONICS ANNOUNCES COURT APPROVAL OF PLAN OF ARRANGEMENT
On Friday, Nov. 21, 2014, the British Columbia Supreme Court granted a final order approving Cascadia Consumer Electronics Corp.'s proposed plan of arrangement with P2P Info Inc. (Spinco), a private British Columbia company wholly owned by Cascadia. Pursuant to an arrangement agreement with Spinco, the company agreed to transfer $58,870 to Spinco in consideration for the issuance of 2,943,500 common shares of Spinco and to distribute these common shares to the company's shareholders, on a pro rata basis, pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). The company will now proceed with the filing of the final order, together with any other required filings, with the registrar under the Business Corporations Act (British Columbia). At such time, the arrangement will become effective, and the company will set out to implement the steps contemplated under the arrangement.
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