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Enter Symbol
or Name
USA
CA



Grenadier Resource Corp
Symbol GAD
Shares Issued 16,854,932
Close 2015-04-08 C$ 0.30
Market Cap C$ 5,056,480
Recent Sedar Documents

Grenadier files final document re Laguna Blends buy

2015-09-03 15:04 ET - News Release

Mr. Glenn Little reports

GRENADIER FILES FINAL DOCUMENTATION ON ACQUISITION OF LAGUNA BLENDS

Grenadier Resource Corp., further to the company's press releases of April 8 and 14, and July 20, 2015, has publicly posted final application documentation related to the acquisition of Laguna Blends Inc.

The listing statement dated Aug. 31, 2015, which shareholders can refer to for relevant details on the Laguna transaction, can be found under the company's profile on SEDAR and on the website of the Canadian Securities Exchange. Consent from a majority of the company's shareholders is a condition of the CSE's final approval of the Laguna transaction. With the filing of the listing statement, shareholders have all information about Laguna, its business and the share exchange agreement to make an informed decision.

As previously announced, Grenadier, Laguna and the shareholders of Laguna have entered into a share exchange agreement, whereby Grenadier will purchase all of the issued and outstanding common shares of Laguna in consideration for common shares of Grenadier, on the terms and conditions of the share exchange agreement. It is contemplated that on closing of the share exchange, Laguna will become a wholly owned subsidiary of Grenadier and the business of Laguna will become the business of Grenadier.

The fundamental change involving Laguna remains subject to, among other things, confirmation of Grenadier shareholder consent to the share exchange agreement and final acceptance of the CSE. Grenadier stock will remain halted until receipt of shareholder approval and closing of the share exchange. A copy of the share exchange agreement and the amendment thereto are available on SEDAR under Grenadier's profile.

About Laguna Blends Inc.

Laguna's business is focused on the nutritional health benefits derived from hemp. Laguna is a network marketing direct sales company that intends to generate retail sales through independent affiliates.

Laguna's affiliates will utilize tools and technology that will enable them to work remotely from home or while travelling on the road.

The first products to be launched by Laguna are expected to be functional beverages that provide high levels of protein and/or nutrition. Laguna's products are made from high-quality hemp protein. Some of the current Laguna products are hemp coffee -- coffee beverages that contain both whey and hemp protein. In addition, Laguna plans to market a variety of unique single serving on-the-go hemp protein mixes with various flavours. The hemp proteins are water soluble and can be directly mixed in water, or added to milk, almond milk or coconut milk. In addition, the hemp protein can be blended in a shake with fruit. Laguna also plans to offer other product categories in the future. Laguna intends to market the formulations of Naturally Splendid Inc.'s HempOmega protein products that are expected to be developed for Laguna under a development and manufacturing agreement, once entered into, under the name Laguna Blends and or brand names owned by Laguna. Laguna intends to sell its products through its independent affiliates in the United States and Canada, and anticipates launching its business in 2015.

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