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Liberty Defense and Gulfstream Announce TSXV Conditional Approval of Proposed Qualifying Transaction and SEDAR Filing of Filing Statement
Toronto, Ontario--(Newsfile Corp. - April 3, 2019) - Gulfstream Acquisition 1 Corp. (TSXV: GFL...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"Liberty Defense and Gulfstream Announce TSXV Conditional Approval of Proposed Qualifying Transaction and SEDAR Filing of Filing StatementToronto, Ontario--(Newsfile Corp. - April 3, 2019) - Gulfstream Acquisition 1 Corp. (TSXV: GFL.H) (\"Gulfstream\") and Liberty Defense Holdings, Inc. (\"Liberty\") are pleased to announce that they have received conditional approval from the TSX Venture Exchange (TSXV) relating to their previously announced business combination and reverse takeover transaction. A filing statement prepared in accordance with the requirements of the TSXV was subsequently filed under Gulfstream's profile on SEDAR and is available at www.sedar.com. For additional information about the proposed qualifying transaction, please refer to Gulfstream's press releases dated November 30, 2018, February 22, 2019 and March 20, 2019, which are available at www.sedar.com.The proposed qualifying transaction is currently scheduled to close on or about the week of April 1, 2019. Closing of the proposed qualifying transaction is subject to a number of conditions including, but not limited to, closing conditions customary to a transaction of the nature of the proposed qualifying transaction, including those described in the filing statement. Trading in the shares of the issuer resulting from the proposed transaction is expected to commence on the TSXV under the name \"Liberty Defense Holdings, Ltd.\" No later than the week of April 8, 2019 following the issuance by the TSXV of its final bulletin in respect of the proposed qualifying transaction. The trading symbol of the resulting issuer will be \"SCAN\".About Liberty Defense Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The integrated sensor-AI array is designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind...