Business
Red River Capital Corp. Announces It Is Seeking Shareholder Approval to Adopt and Align the Company with the New CPC Policy
Calgary, Alberta--(Newsfile Corp. - April 13, 2021) - Red River Capital Corp. (TSXV: XBT.P) ...
About this update from Bitcoin Well Inc
[{"type":"text","content":"Red River Capital Corp. Announces It Is Seeking Shareholder Approval to Adopt and Align the Company with the New CPC PolicyCalgary, Alberta--(Newsfile Corp. - April 13, 2021) - Red River Capital Corp. (TSXV: XBT.P) (\"Red River \" or the \"Company\"), a capital pool company listed on the TSX Venture Exchange (\"TSXV\" or the \"Exchange\") announces that, pursuant to recent changes by the TSXV to its Capital Pool Company program and TSXV Policy 2.4 - Capital Pool Companies (\"Policy 2.4\"), which came into effect as of January 1, 2021 (the \"New CPC Policy\"), the Company intends to seek the requisite approvals of the shareholders of Red River (the \"Shareholders\"), to adopt and align the Company with the New CPC Policy.Capitalized terms used herein and not otherwise defined have the meaning ascribed to them in the TSXV Corporate Finance Manual or the New CPC Policy.Pursuant to the New CPC Policy, Red River is required to obtain the approval of its disinterested Shareholder to adopt certain policies that will result in the Company being aligned with the New CPC Policy. Accordingly, Red River is seeking the written approval of not less than a majority of its disinterested Shareholders (\"Written Approval\") in respect of the following resolutions (the \"Resolutions\"):to approve the removal of the consequences associated with the Company not completing a Qualifying Transaction within 24 months of its listing date in accordance with the New CPC Policy; andto authorize the Company to make certain amendments to the Company's escrow agreement to effect certain changes contemplated under the New CPC Policy. In the event that the Company is not able to obtain the Written Approval prior to May 10, 2021, the Company will seek the approval of such Resolutions at its upcoming special meeting of Shareholders scheduled to be held on May 10, 2021 (the \"Meeting\"). At the Meeting, Shareholders will be asked to pass the Resolutions by an affirmative vote of not less than a majority of the votes cast by disinterested Shareholders who vote in respect thereof, in person or by proxy.The proposed amendments remain subject to the final approval of the TSXV. Additional information regarding each of the Resolutions can be found in the Company's information circular prepared for the purposes of the Meeting, which can be found at www.sedar.com.Removal o...