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Technical Ventures Receives TSXV Conditional Acceptance for its Qualifying Transaction
(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / September 4 2014 / Technical Ventu...
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[{"type":"text","content":"Technical Ventures Receives TSXV Conditional Acceptance for its Qualifying Transaction(via Thenewswire.ca)\n \n \nVancouver, BC / TNW-ACCESSWIRE / September 4 2014 / Technical Ventures RX Corp. (the \"Technical\") (TSX-V: \"TIK.P\") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (the \"Exchange\") for its Qualifying Transaction (as such term is defined in Policy 2.4 of the Corporate Finance Manual of the Exchange) with TheraVitae Inc. (\"TVI\"), previously announced in news releases dated May 14, 2013, July 25, 2013, October 31, 2013, February 24, 2014, and March 10, 2014 (the \"Qualifying Transaction\"). As previously disclosed, Technical will complete its Qualifying Transaction by completing a plan of arrangement with TVI under Section 193 of the Business Corporations Act (Alberta) whereby Technical and TVI will complete the exchange of securities in accordance with the terms of the Plan of Arrangement Agreement dated July 19, 2013, as amended, (\"Arrangement Agreement\") and as detailed in the Circular, as such term is defined below. \n\n\n \nTechnical also announces it has executed an amendment to the Arrangement Agreement to extend the outside closing date of the Qualifying Transaction to October 31, 2014. However it is expected that the Qualifying Transaction will close on or about September 26, 2014, subject to the satisfaction of the conditions noted below. \n\n\n \nInterim Court Order and Special Shareholders Meeting\n\n\n \nOn September 2, 2014, Technical obtained an interim order from the Court of Queen's Bench Alberta (the \"Interim Order\") authorizing, among other things, Technical to hold a special meeting (the \"Meeting\") of shareholders of Technical (the \"Shareholders\") relating to the previously announced plan of arrangement involving Technical and TVI.\n\n\n \nAt the Meeting, Shareholders will be asked to consider and, if deemed advisable, to approve a special resolution (the \"Arrangement Resolution\"), the full text of which is set forth in the joint management information circular dated August 29, 2014 (the \"Circular\"), to approve the statutory arrangement (the \"Arrangement\").\n\n\n \nThe Meeting will be held at 730 1015 - 4th Street SW, Calgary, Alberta T2R 1J4, on September 26, 2014 at 9:00 a.m. (MT). The record date for voting at the Meeting is Aug...