06:05:17 EDT Thu 02 May 2024
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

ORIGINAL: Cascadia Consumer receives court approval for P2P deal

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

Received by email:

File: News Release - Final Order.DOC


CASCADIA CONSUMER ELECTRONICS CORP. 
Suite 1552, 701 West Georgia Street
Vancouver, British Columbia
V7Y 1C6

Cascadia Consumer Electronics Announces Court Approval of Plan of Arrangement

November 24, 2014 - Vancouver, B.C. - Cascadia Consumer Electronics Corp. (the "Company" or "Cascadia") (CSE:CK) is pl
--->eased to announce that on Friday, November 21, 2014 the British Columbia Supreme Court granted a final order approving
---> the proposed plan of arrangement (the "Arrangement") with P2P Info Inc. ("Spinco"), a private British Columbia compan
--->y wholly-owned by Cascadia. Pursuant to an arrangement agreement with Spinco, the Company agreed to transfer $58,870 t
--->o 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 Ac
--->t (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 wil
--->l become effective and the Company will set out to implement the steps contemplated under the Arrangement.

For further information, please contact:
Cascadia Consumer Electronics Corp.
info@cascadiacorp.com
Cautionary Note Regarding Forward-Looking Information 

This press release contains projections and forward-looking information that involve various risks and uncertainties r
--->egarding future events. Such forward-looking information can include without limitation statements based on current ex
--->pectations involving a number of risks and uncertainties and are not guarantees of future performance of Cascadia such
---> as the statement that: (i) the Company will now proceed with the filing of the final order together with any other re
--->quired filings with the registrar under the Business Corporations Act (British Columbia); and that the Arrangement wil
--->l become effective and the Company will set out to implement the steps contemplated under the Arrangement. There are n
--->umerous risks and uncertainties that could cause actual results and Cascadia's plans and objectives to differ material
--->ly from those expressed in the forward-looking information, including: (i) the inability to coordinate the steps of th
--->e Arrangement; and (ii) other factors beyond Cascadia's control. Actual results and future events could differ materia
--->lly from those anticipated in such information. These and all subsequent written and oral forward-looking information 
--->are based on estimates and opinions of management on the dates they are made and are expressly qualified in their enti
--->rety by this notice. Except as required by law, Cascadia assumes no obligation to update forward-looking information s
--->hould circumstances or management's estimates or opinions change.




© 2024 Canjex Publishing Ltd. All rights reserved.