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Qualifying Transaction Update: Cinaport Received TSXV Conditional Approval for its Proposed Qualifying Transaction and Filed Filing Statement
Toronto, Ontario--(Newsfile Corp. - September 19, 2014) - Cinaport Acquisition Corp. (TSXV: CP...
About this update from M3 Metals Corp.
[{"type":"text","content":"Qualifying Transaction Update: Cinaport Received TSXV Conditional Approval for its Proposed Qualifying Transaction and Filed Filing StatementToronto, Ontario--(Newsfile Corp. - September 19, 2014) - Cinaport \nAcquisition Corp. (TSXV: CPQ.H) (the \"Company\"), a capital pool company \nlisted on the NEX board of the TSX Venture Exchange (the \"Exchange\") is \npleased to announce that the Company has received conditional approval from the \nExchange for its proposed Qualifying Transaction with Mettrum Ltd. \n(\"Mettrum\") as described in the Company's press releases dated June 18, \n2014, July 21, 2014 and July 29, 2014 (the \"Transaction\"). The Company \nhas filed on www.sedar.com a filing statement dated September 17, 2014 prepared \nin accordance with the policies of the Exchange and providing information with \nrespect to the Company, Mettrum and the Transaction (the \"Filing \nStatement\"). \nShareholder Approval \nIn connection with the Transaction, the Company has also \nreceived at its annual and special shareholders meeting held on September 15, \n2014 the requisite shareholders' approval for, among other things: (i) the \nproposed consolidation of the Company's issued and outstanding common shares on \na 14.5626 to 1 basis, (ii) the proposed change of the name of the Company to \n\"Mettrum Health Corp.\", (iii) the election of William Assini, Trevor Fencott, \nNorman Inkster, Michael Haines, Dr. Joshua Tepper and Donald Wright as the new \ndirectors of the resulting issuer, (iv) the adoption of the amended and restated \nstock option plan and, (v) the adoption of By-Law No. 1A - Advance Notice Bylaws \n(the \"Advance Notice Bylaws\"), all to take effect prior to or upon \nclosing of the Qualifying Transaction.\nThe purpose of the Advance Notice Bylaws is to protect the \ninterests of the shareholders and the Company by ensuring that all shareholders, \nincluding those participating in a meeting by proxy rather than in person, \nreceive adequate notice of the nominations to be considered at a meeting and can \nthereby exercise their voting rights in an informed manner. The Advance Notice \nBylaws provides for a deadline by which holders of record of common shares of \nthe Company must submit director nominations to the Company prior to any annual \nor special meeting of shareholders and provides for the information that...