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Acasta Enterprises Inc
Symbol C : AEF
Shares Issued 95,715,298
Close 2018-03-19 C$ 2.30
Recent Sedar Documents

Acasta schedules Stellwagen court hearing for March 23

2018-03-20 13:39 ET - News Release

Mr. Ian Kidson reports

ACASTA ANNOUNCES COURT HEARING DATE FOR ARRANGEMENT IN CONNECTION WITH THE SALE OF STELLWAGEN BUSINESS UNIT

Acasta Enterprises Inc.'s hearing for an order approving a plan of arrangement under the Business Corporations Act with the Superior Court of Justice (Ontario) will be held at 9 a.m. ET on Friday, March 23, 2018, at 330 University Ave., Toronto, Ont. The purpose of the hearing is to reduce the stated capital of the company's Class B shares to satisfy requirements under the OBCA related to the repurchase of 26 million Class B shares in connection with the sale of the Stellwagen business unit. The closing of the transaction is conditional on obtaining court approval for the arrangement and other customary closing conditions. Under the terms of the purchase agreement relating to the sale of the Stellwagen business unit, the outside date for closing the transaction is March 31, 2018.

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