An anonymous director reports
CRAFT 1861 GLOBAL TO BE TAKEN PRIVATE BY NANO CURES INTERNATIONAL
Craft 1861 Global Holdings Inc. will effect a going-private transaction with Nano Cures International Inc. Pursuant to the transaction, Nano and its affiliates will take the company private by way of the existing arrangement agreement terms and conditions under Section 192 of the Canada Business Corporations Act (CBCA). The current terms and conditions of the arrangement agreement are disclosed in Craft 1861 Global's prior news releases (copies of which are available under Craft 1861 Global's SEDAR+ profile).
Transaction highlights:
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The transaction immediately relieves the current public regulatory and compliance time constraints to assure ample time to satisfy the completion of the arrangement requirements, as per the existing terms and conditions of the arrangement agreement.
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A majority of Craft 1861 Global shareholders have agreed to the transaction, where, upon completion of the transaction, Craft 1861 Global will become a privately held company.
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The terms and conditions of the existing arrangement agreement will govern Craft 1861 Global becoming a privately held company.
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Completion of the arrangement is governed by and subject to standard regulatory and compliance of Abu Dhabi and the United Arab Emirates (UAE) and is currently expected to occur as soon as practically possible.
We seek Safe Harbor.
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