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Highwood Oil Company Ltd. Provides Corporate Update
Highwood Oil Company Ltd. Provides Corporate Update Canada NewsWire CALGARY, May...
About this update from Highwood Asset Management Ltd
[{"type":"text","content":"\n\n\n\nHighwood Oil Company Ltd. Provides Corporate Update\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\nCALGARY, May 22, 2019\n\n\n\nCALGARY, May 22, 2019 /CNW/ - Highwood Oil Company Ltd., (\"HOCL\" or the \"Corporation\") (TSXV: HOCL) announces that in accordance with the requirements of National Instrument 51-102 - Continuous Disclosure Obligations (\"NI 51-102\") it has filed the audited financial statements for both of its predecessor entities for the year ended December 31, 2018.\n\n \n \n\n \nAs the Corporation was the \"reverse takeover acquirer\" (as defined in NI 51-102) of Predator Blockchain Capital Corp. (\"PBC\") in the amalgamation of the Corporation and PBC completed on January 23, 2019, the Corporation is required to make these historical filings. The financial statements and MDA for PBC and Highwood as at December 31, 2018 have been filed on SEDAR under the Corporation's profile at www.sedar.com.\nThe Corporation has also posted an amended and restated annual information form on SEDAR.  The amended and restated annual information form ‎addresses comments made by the securities regulatory body in connection with the business of PBC, as at December 31, 2018.   Readers will recall that PBC, as a capital pool company, had the sole business since its incorporation of identifying and evaluating opportunities for the ‎acquisition ‎of an interest in assets or businesses with a view to completing a Qualifying Transaction.‎  PBC had no assets other than net cash assets of approximately $507,000 as at December 31, 2018.\nThe amended and restated annual information form also provides updated disclosure in respect of the period since the original filing date, which is the recently announced agreement with a publicly traded oil and gas exploration and production ‎company to purchase ‎oil assets in the Peace River Oil ‎region of ‎Northern Alberta for a total transaction ‎value of $93.8 million, comprised of cash considerations of ‎‎$88.8 ‎...