Business
LOGiQ Announces Results of Special Meeting of Shareholders
LOGiQ Announces Results of Special Meeting of Shareholders Canada NewsWire TORON...
About this update from Flow Capital Corp.
[{"type":"text","content":"\n\n\n\nLOGiQ Announces Results of Special Meeting of Shareholders\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\nTORONTO, May 31, 2018\n\n\n\nTORONTO, May 31, 2018 /CNW/ - LOGiQ Asset Management Inc. (\"LOGiQ\", or the \"Company\") (TSX:LGQ) today held the special meeting (the \"Meeting\") of the holders (the \"Shareholders\") of the common shares in the capital of the Company (the \"Shares\"). \n\nOn March 12, 2018, the Company entered into an arrangement agreement with Grenville Strategic Royalty Corp. (\"Grenville\") pursuant to which the Company has agreed to acquire all of the issued and outstanding common shares of Grenville (\"Grenville Shares\") on the basis of 6.25 Shares for each outstanding Grenville Share (the \"Arrangement\"). The purpose of the Meeting was to consider and approve resolutions related to the Arrangement. \n\nAt the Meeting, the Shareholders approved the following resolutions: \n\n\na special resolution approving the continuance of LOGiQ from Alberta into British Columbia which is required to complete the Arrangement; \nan ordinary resolution approving the issuance of LOGiQ Shares pursuant to the Arrangement;\na special resolution approving a consolidation of the LOGiQ Shares on a one for twelve basis immediately following the completion of the Arrangement (the \"Share Consolidation\"); and\nan ordinary resolution removing PricewaterhouseCoopers LLP as auditor of the Company and appointing Goodman & Associates LLP, Grenville's current auditor, as the auditor of the Company, immediately following the Arrangement.\n\nComplete details regarding the matters considered at the Meeting were outlined in the joint management information circular of the Company and Grenville dated May 2, 2018 (the \"Circular\") mailed to shareholders of record on April 30, 2018. The Circular is also available at www.sedar.com.\n\nCompletion of the Arrangement, which is expected to occur on or about June 7, 2018, is subject to a number of conditions precedent, including approval from the Supreme Court of British Columbia and satisfaction of other...