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Rider 2 Investment Capital Corp. Signs Definitive Agreement for Proposed Qualifying Transaction with D Block Discoveries Inc.
(TheNewswire) Calgary, Alberta – TheNewswire - October 13, 2021 . ...
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[{"type":"text","content":"Rider 2 Investment Capital Corp. Signs Definitive Agreement for Proposed Qualifying Transaction with D Block Discoveries Inc.\n \n \n (TheNewswire)\n \n \n \n Calgary, Alberta –\n \n \n TheNewswire -\n \n \n October 13, 2021 .\n \n \n Rider 2 Investment Capital Corp. (“\n \n \n Rider 2\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) (TSXV:RIDR.P), a capital pool company, is pleased to\nannounce that its previously announced letter of intent with D Block\nDiscoveries Inc. (“\n \n \n D\nBlock\n \n \n ”) dated May 10, 2021 (the\n“\n \n \n D Block LOI\n \n \n ”) has been superseded by a\n \n \n definitive agreement (the “\n \n \n Definitive Agreement\n \n \n ”) dated October 12, 2021\n \n \n between\nRider 2, ‎2839749 Ontario ‎ Ltd., a wholly-owned subsidiary of\nRider 2, and D Block\n \n \n .\n \n \n Pursuant to the Definitive Agreement,\n \n \n Rider 2\n \n \n and D Block intend to complete a business\ncombination intended to constitute Rider 2’s Qualifying Transaction,\nas such term is defined in Policy 2.4 of the Corporate Finance Manual\nof the TSX Venture Exchange\n \n \n (the “\n \n \n Proposed Transaction\n \n \n ”).  The Proposed Transaction will result in Rider 2\n \n \n acquiring all of the issued and outstanding\nequity shares of D Block (the “\n \n \n D Block Shares\n \n \n ”) in exchange for common\nshares of Rider 2 (each, an “\n \n \n Rider 2 Share\n \n \n ”).\n \n \n \n \n The Proposed Transaction is subject to, among other\nthings, receipt of the requisite shareholder approval of D Block,\nfinal approval of the TSX Venture\n \n \n Exchange (the\n“\n \n \n Exchange\n \n \n ”)\n \n \n and standard closing conditions,\nincluding the conditions described below.  Subject to satisfactory\ncompletion of due diligence, the parties expect to close the Proposed\nTransaction on or before November 30, 2021\n \n \n (or\nsuch other date as may be mutually agreed in writing between\n \n \n Rider 2 and D Block\n \n \n )\n(“\n \n \n Closing\n \n \n ”).\n \n \n \n \n Upon completion of the Proposed Transaction, Rider 2\nwill continue on with the business of D Block (the Company after\ncompletion of the Proposed Transaction is referred to herein as the\nȁ...