Business
Corporate Catalyst Announces Letter Agreement to Complete a Qualifying Transaction with Globalive Technology Partners Inc.
Corporate Catalyst Announces Letter Agreement to Complete a Qualifying Transaction with Gl...
About this update from Live Energy Minerals Corp
[{"type":"text","content":"\n\n\n\nCorporate Catalyst Announces Letter Agreement to Complete a Qualifying Transaction with Globalive Technology Partners Inc.\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 14, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, March 14, 2018 /CNW/ - Corporate Catalyst Acquisition Inc. (\"CCA\") (trading symbol \"CII.H\"), a capital pool company, is pleased to announce that it has entered into a letter agreement (the \"Letter Agreement\") dated March 13, 2018 to complete a business combination (the \"Transaction\") with Globalive Technology Partners Inc. (\"GTP\") to acquire all of the issued and outstanding securities of GTP. The Transaction is intended to constitute the Qualifying Transaction of CCA, as such term is defined in Policy 2.4 of the Corporate Finance Manual (\"Exchange Policy 2.4\") of the TSX Venture Exchange (the \"Exchange\"). \n\nAbout GTP \n\nGTP is a private company incorporated under the laws of the Province of Ontario on December 7, 2017. GTP's assets and principal office are located in Toronto, Ontario. GTP is a technology company developing innovative solutions to disrupt traditional industries, primarily using artificial intelligence, internet of things and blockchain technology. GTP's core business is entering into joint ventures with other companies (\"Collaborators\") to co-develop new software applications and technology platforms for use in Collaborators' businesses, as well as for licensing to third-parties. While each Collaborator is different in terms of its objectives, its own existing technology and technological expertise, generally GTP offers the capital and development resources to create the technology stack to be used in the Collaborator's business, as well as its managerial, financial and technical expertise.\n\nThe Qualifying Transaction\n\nSubject to regulatory approval, CCA intends to acquire all of the issued and outstanding securities of GTP (\"GTP Securities\") by way of a busi...