Mr. Ian Kidson reports
ACASTA ENTERPRISES ANNOUNCES ISSUANCE OF SHARES TO ECN CAPITAL AND DIRECTOR APPOINTMENT
Acasta Enterprises Inc. issued 500,000 Class B shares in the capital of Acasta
to a wholly owned subsidiary of
ECN Capital Corp. at a deemed issuance price of $2.01 per
share. As previously announced, the ECN shares were issued in
satisfaction of the remaining purchase price relating to Acasta's
acquisition of ECN's commercial aviation business. The ECN shares are
subject to a four-month hold period, expiring Aug. 6, 2018.
In addition, Acasta today announced the appointment of Ian Kidson, the
company's interim chief executive officer, to the board of directors of
© 2019 Canjex Publishing Ltd. All rights reserved.