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Institutional Shareholder Services Inc. Recommends That Netcoins Shareholders Vote For the Proposed Transaction With BIG Blockchain Intelligence Group
Institutional Shareholder Services Inc. Recommends That Netcoins Shareholders Vote For the...
About this update from Bigg Digital Assets Inc.
[{"type":"text","content":"\n\n\n\nInstitutional Shareholder Services Inc. Recommends That Netcoins Shareholders Vote For the Proposed Transaction With BIG Blockchain Intelligence Group\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 15, 2019\n\n\n\nVANCOUVER, July 15, 2019 /CNW/ - Netcoins Holdings Inc. (\"Netcoins\" or the \"Company\") (CSE: NETC) is pleased to announce that Institutional Shareholder Services Inc. (\"ISS\"), an independent proxy advisory firm, has recommended that the Company's shareholders (the \"Shareholders\") vote FOR the proposed transaction for BIG Blockchain Intelligence Group's (\"BIG\") (CSE: BIGG; OTC: BBKCF; WKN: A2JSKG) wholly-owned subsidiary 1208810 B.C Ltd., to purchase the shares of Netcoins Inc., NTC Holdings Corp. and NTC Holdings USA Corp. (collectively the \"Subsidiaries\") for a purchase price of $3,000,000 (the \"Transaction\"). The purchase price is payable to Netcoins in common shares in the capital of BIG (the \"BIG Shares\") at an issue price of $0.08 per BIG Share for an aggregate issuance of 37,500,000 BIG shares. ISS also recommended that shareholders vote FOR a resolution to approve the distribution of all the BIG shares to Shareholders (the \"Distribution\").\nNetcoins Annual General and Special Meeting of ShareholdersNetcoins' annual general and special meeting of Shareholders is scheduled for 10:00 a.m. (Vancouver time) on Wednesday, July 24, 2019 at Suite 1500 – 1055 West Georgia Street, Vancouver, BC, V6E 4N7. The Company's information circular (the \"Circular\") has been mailed to Shareholders to provide them with more information about both companies and the proposed Transaction.\nISS' Commentary of the TransactionIn reaching its conclusion that Shareholders vote FOR the Transaction and the related Distribution, ISS noted that:\n\"The sale of company assets appears to make sense. It allows the Company to focus on the acquisition of new assets that would better deliver value to the Shareholders, while ensuring that Shareholders continue to have interest in the current business of the Company by vi...