04:53:41 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Captiva Verde shareholders propose subsidiary spinoff

2016-10-25 22:58 ET - News Release

An anonymous shareholder reports

CAPTIVA VERDE SHAREHOLDER UPDATE

Shareholders of Captiva Verde Industries Ltd. are proposing to all the shareholders of Captiva Verde Industries that the company spin off a new subsidiary of the company and, through a plan of arrangement, issue shares of the new subsidiary on a one-for-one basis, to all the existing shareholders of the company. The shareholders then propose the new subsidiary conduct a proposed new financing by way of a rights offering and file a prospectus with the applicable regulatory authorities, as well as an application for listing on the Canadian Securities Exchange. This cloning of Captiva will allow all the existing shareholders the same and equal rights to participate in a new publicly traded entity that is clean and separate from the affairs of the parent company.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.