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Enter Symbol
or Name
USA
CA



Cascadia Consumer Electronics Corp
Symbol CK
Shares Issued 14,717,500
Close 2014-11-17 C$ 0.16
Market Cap C$ 2,354,800
Recent Sedar Documents

Cascadia Consumer receives court approval for P2P deal

2014-11-24 12:17 ET - News Release

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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