Mr. John Harvison reports
DOXA ANNOUNCES SHAREHOLDER APPROVAL AND PROPOSED CLOSING DATE FOR PROSTAR RTO TRANSACTION
Further to its press release dated Nov. 20, 2020, and its proposed reverse takeover by ProStar Geocorp Inc., Doxa Energy Ltd.'s shareholders have, as of Dec. 17, 2020, approved the transaction and the matters associated with the transaction, including the disposition of the company's oil and gas assets and a debt settlement with the company's related-party creditors.
The transaction is expected to close on Dec. 28, 2020, with Doxa changing its name to ProStar Holdings Inc. in connection therewith, with trading in the company's common shares recommencing in January, 2021, under the new trading symbol MAPS.
"We are pleased to have received overwhelming support for the RTO transaction from both the Doxa and the ProStar shareholders," stated Page Tucker, ProStar's founder and chief executive officer. "This means we are now on track to close the transaction by year-end and to be listed soon thereafter."
For additional information concerning the transaction and ProStar, please see the company's information circular dated Nov. 16, 2020. The circular can be found under the company's SEDAR profile.
About ProStar Geocorp Inc.
ProStar is incorporated under the laws of the State of Delaware and is a software-as-a-service company that provides patented precision mapping solutions. ProStar's flagship solution is PointMan, a native cloud and mobile solution designed to capture, record and display the precise location of subsurface assets, including buried utilities and pipelines.
The Doxa shares continue to be halted from trading, and the trading of Doxa shares is expected to remain halted pending completion of the transaction.
We seek Safe Harbor.
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