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Trail Blazing Ventures Ltd. Announces Updates for Definitive Agreement with Hempalta Inc. in Respect of Proposed Qualifying Transaction
Calgary, Alberta--(Newsfile Corp. - January 12, 2024) - Trail Blazing Ventures Ltd. (TSXV: BLAZ.P...
About this update from Next Phase Ventures Limited
[{"type":"text","content":"Trail Blazing Ventures Ltd. Announces Updates for Definitive Agreement with Hempalta Inc. in Respect of Proposed Qualifying TransactionCalgary, Alberta--(Newsfile Corp. - January 12, 2024) - Trail Blazing Ventures Ltd. (TSXV: BLAZ.P) (\"TBV\"), a capital pool company as defined under Policy 2.4 - Capital Pool Companies (\"CPC\") of the TSX Venture Exchange (the \"Exchange\"), announces that further to its news release dated November 15, 2023 (the \"November Release\"), it has several updates to provide with respect to the qualifying transaction (the \"Transaction\") with Hempalta Inc (\"HEMPALTA\"). Proposed Management and Board of Directors of Resulting IssuerIn addition to the management and directors named in the November Release, it is expected that the following persons will be named as an officer and as a director of the resulting issuer (the \"Resulting Issuer\"): Candace Ryan - Chief Financial OfficerMs. Ryan is the Chief Financial Officer of HEMPALTA. Ms. Ryan has over 15 years of accounting and finance experience, primarily working in the retail and consumer package goods sectors. She previously held the role of Financial Controller for Spirit Leaf Inc., national retail organization whose parent company was listed on the Canadian Securities Exchange (CSE). Ms. Ryan graduated from MacEwan University with a Bachelor of Applied Business Administration in Accounting and holds her Chartered Professional Accountant (CPA) designation.Dan Balaban - Director Mr. Balaban is the Chief Executive Officer and Executive Chair of Greengate Power Corporation (\"Greengate\"), a renewable energy development company. Under Mr. Balaban's leadership, Greengate has developed nearly 1.5 GW or over $2 billion of operating renewable energy projects. Prior to Greengate, Mr. Balaban was the Co-Founder, President and CEO of a software solutions provider for the oil and gas industry. Prior thereto, Mr. Balaban worked as a management consultant for several international firms including EY and PWC. Mr. Balaban holds a Bachelor of Science degree from the University of Toronto. Mr. Balaban is also a member of the board of Calgary Economic Development, and formerly a member of the board of the Pembina Institute.Private Placement of Subscription Receipts of HEMPALTAAs described in the November Release, prior to the completion of the Transaction, HEMPALTA...