Mr. Kevin Bottomley reports
KING'S BAY RESOURCES CORP. RECEIVES CONDITIONAL APPROVAL TO LIST ON THE CANADIAN SECURITIES EXCHANGE
King's Bay Resources Corp. has been approved for conditional listing of its shares on the Canadian Securities Exchange upon closing of its acquisition of S&S Company LLC (see King's Bay's March 29, 2019, news release).
Conditions of listing include completion of its concurrent financing in a minimum amount of $2.2-million and provision of certain other items.
As part of the acquisition of S&S and to complete the whole transaction, in addition to raising financing, the company will be: issuing preferred, supervoting, non-participating shares to former owners of S&S; completing a one-new-for-five-old share consolidation; continuing the company to British Columbia from being a federal Canadian company; installing a slate of new directors; delisting the company's shares from the TSX Venture Exchange; and changing the company's name to Merced Holdings Corp.
The company will update the public on closing of the transaction and will provide notice of its new trading symbol at that time.
We seek Safe Harbor.
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