16:21:22 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



RDX Technologies Corp
Symbol RDX
Shares Issued 169,138,059
Close 2013-09-04 C$ 0.235
Market Cap C$ 39,747,444
Recent Sedar Documents

RDX Technologies amendment to Lakeland bulletin

2013-09-05 17:43 ET - Property Agreement

Further to the TSX Venture Exchange bulletin dated May 16, 2013, the bulletin should have read as follows.

The TSX-V has accepted for filing documentation pursuant to: an asset purchase agreement dated April 9, 2012, among Lakeland Development Company and Lakeland Processing Company LLC (the vendors) and RDX Technologies Corp.'s subsidiary Ridgeline Energy Services (USA) Inc., as amended Aug. 24, 2012, and Sept. 19, 2012; and a land purchase agreement dated Jan. 25, 2013, between Lakeland Development Company and Ridgeline USA. As per the terms of the asset agreement, as amended, Ridgeline USA purchased all of the assets of the vendors for $2-million (U.S.) cash and issued 2,469,136 common shares at a deemed price of 40.5 cents per share. Pursuant to the land purchase agreement, Ridgeline USA purchased certain lands for $3.5-million cash, a two-year 5 per cent unsecured promissory note, the assumption of certain liabilities in the amount of $2,582,143 (U.S.) and the issuance by the company of 1,571,429 common shares at a deemed price of 46.5 cents per share. Subject to certain escrow provisions, the balance of the purchase price for the lands is to be paid through instalments of 1.5 million common shares on the third, sixth, ninth, 12th and 15th months following closing. If these common shares are issued at a market price less than 70 cents, the company will issue a two-year 5 per cent promissory note for the difference between the market price and 70 cents.

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