23:07:05 EST Fri 15 Feb 2019
Enter Symbol
or Name

Login ID:
Khot Infrastructure Holdings Ltd
Symbol C : KOT
Shares Issued 65,302,351
Recent Sedar Documents

Khot Infrastructure changes name, rolls back shares

2018-05-04 17:39 ET - News Release

Mr. Alan Tam reports


Khot Infrastructure Holdings Ltd. has implemented the previously announced name change to Blockchain Holdings Ltd. and the consolidation of its common shares on the basis of one postconsolidated share for every 10 preconsolidated shares. The name change and the consolidation were approved by special resolutions of the company's shareholders at the annual general and special meeting of shareholders held on April 9, 2018.

The name change, consolidation and change of business, among other things, approved by the shareholders at the meeting constitute a "fundamental change" of the company within the meaning of the policies of the Canadian Securities Exchange. The company has reserved the symbol BCX with the Canadian Securities Exchange and, once all final conditions of the Canadian Securities Exchange have been satisfied, expects its shares to resume trading under the symbol BCX. At that time, a listing statement describing the company, as well as the name change, consolidation and change of business, among other things, which has been prepared in accordance with the policies of the Canadian Securities Exchange, will be available on SEDAR.

Letters of transmittal have been mailed to all registered shareholders. All registered shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing preconsolidation shares to the corporation's transfer agent, Computershare Investor Services Inc., will receive share certificates representing their postconsolidation shares. Until so surrendered, each share certificate representing preconsolidation shares will represent the number of whole postconsolidation shares to which the holder is entitled as a result of the consolidation. Shareholders holding their shares through a bank, broker or other nominee should note that banks, brokers or other nominees may have different procedures for processing the consolidation than those put in place by the company and Computershare. Such shareholders having any questions in this regard are encouraged to contact their nominee.

Following completion of the consolidation, private placement and debt conversion, the outstanding share capital of the company will be approximately 17,813,282 common shares (postconsolidated) on a non-diluted basis. No fractional shares will be issued upon the consolidation of the shares. If as a result of the consolidation a shareholder would otherwise become entitled to a fractional share, such fraction will be rounded down to the nearest whole number.

Further details regarding the name change and consolidation are set forth in the company's management proxy circular dated March 9, 2018, which was filed on SEDAR.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.