Business
BluEnrgies Ltd. (Formerly Acme Gold Company Limited) Announces Closing of Reverse Takeover Transaction
(TheNewswire) April 9, 2025 – TheNewswire - Vancouve r, BC – ...
About this update from Bluenergies Ltd.
[{"type":"text","content":"BluEnrgies Ltd. (Formerly Acme Gold Company Limited) Announces Closing of Reverse Takeover Transaction\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n April 9, 2025 –\n \n\n TheNewswire -\n \n\n Vancouve\n \n\n r, BC – BluEnergies Ltd.\n \n\n (formerly, Acme Gold Company Limited) (CSE: AGE,\nanticipated TSXV: BLU) (“\n \n\n Blu\n \n\n ” or the “\n \n\n Company\n \n\n ”), is\npleased to announce\n \n\n the completion of the\npreviously announced transaction with\n \n\n Canadian\nGlobal Energy Corp. (“\n \n\n CGE\n \n\n ”), an arm’s-length private oil and gas\ncompany\n \n\n (“\n \n\n CGE\n \n\n ”) (the\n“\n \n\n Transaction\n \n\n ”), pursuant to\n \n\n an amalgamation\nagreement (the “\n \n\n Amalgamation Agreement\n \n\n ”) dated December 20,\n2024, among the Company, its wholly owned subsidiary, 1517742 B.C.\nLtd. (“\n \n\n Newco\n \n\n ”), and CGE, as amended on March 12, 2025, whereby, amongst\nother things, the Company acquired all of the issued and outstanding\ncommon shares of CGE by way of a three-cornered amalgamation in\naccordance with the provisions of the\n \n\n Business Corporations Act\n \n\n (British Columbia) (the “\n \n\n BCBCA\n \n\n ”), as further\ndescribed below. The Transaction constituted a reverse takeover of the\nCompany by CGE pursuant to Policy 5.2 of the TSX Venture Exchange (the\n“\n \n\n TSXV\n \n\n ”), as following the closing of the Transaction, there was\na change of control and the former shareholders of CGE own a majority\nof the outstanding common shares of the Company.\n \n\n\n\n The Resulting Issuer Shares (as defined below) have\nbeen conditionally approved for listing (the “\n \n\n Listing\n \n\n ”) on the\nTSXV under the symbol “BLU” and the Company has applied to\nvoluntarily delist its common shares from the Canadian Securities\nExchange (the “\n \n\n CSE\n \n\n ”). The Listing remains subject to final\napproval by the TSXV and fulfilment of all of the requirements of the\nTSXV in order to obtain such approval, including, among other things,\nsubmission and acceptance of all documents requested by the TSXV in\nits conditional acceptance letter. The Company anticipates that the\nResulting Issuer Sha...