Business
Liberty Defense Announces Completion of Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - April 4, 2019) - Liberty Defense Holdings, Ltd. (TSXV: SCA...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"Liberty Defense Announces Completion of Qualifying TransactionToronto, Ontario--(Newsfile Corp. - April 4, 2019) - Liberty Defense Holdings, Ltd. (TSXV: SCAN) (\"Liberty\" or the \"Company\"), formerly Gulfstream Acquisition 1 Corp. (\"Gulfstream\"), is proud to announce that it has completed its previously announced qualifying transaction (the \"Qualifying Transaction\") pursuant to the policies of the TSX Venture Exchange (the \"TSXV\"). As previously announced, the parties received conditional approval from the TSXV on March 28, 2019. For additional information about the Qualifying Transaction, please refer to the Company's press releases dated November 30, 2018, February 22, 2019, March 20, 2019 and April 1, 2019, each of which is available at www.sedar.com.Trading in the common shares of the Company (the \"Resulting Issuer Common Shares\") is expected to commence on the TSXV under the symbol \"SCAN\" on or about the week of April 8, 2019 following the issuance by the TSXV of its final bulletin in respect of the Qualifying Transaction.Pursuant to the Qualifying Transaction:Gulfstream implemented, immediately prior to the completion of the amalgamation (referred to below) a share consolidation of Gulfstream's 8,611,009 issued and outstanding common shares (the \"Gulfstream Common Shares\") on the basis of one new Gulfstream Common Share for every two and a half existing Gulfstream Common Shares;Liberty Defense Holdings Inc. (\"Old Liberty\") and 2675553 Ontario Limited (\"Gulfstream SubCo\"), a wholly-owned subsidiary of Gulfstream, have amalgamated and continued on as a new corporation under the name \"LDH GS Amalco Corp.\" (\"AmalCo\"); Each one issued and outstanding common share of Old Liberty has been cancelled and replaced by one issued and outstanding Resulting Issuer Common Share;Each one issued and outstanding common share of Gulfstream SubCo has been cancelled and replaced by one issued and outstanding common share of AmalCo, issued in favour of Liberty such that AmalCo is a wholly owned subsidiary of Liberty;Each one common share purchase warrant of Old Liberty has been cancelled and replaced by one common share purchase warrant of Liberty;Each one broker warrant issued by Old Liberty in connection with previously completed financings has been cancelled and replaced by one broker warrant of Liberty; andAll of the p...