Randy Chou - Holdings in Nubeva Technologies Ltd.

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[{"type":"text","content":"\n\n\n\nRandy Chou - Holdings in Nubeva Technologies Ltd.\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.prnml40{\nMARGIN-LEFT:3.33em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 6, 2018\n\n\n\nVANCOUVER, March 6, 2018 /CNW/ - On February 28, 2018, through a reverse triangular merger (the \"Merger\"), involving Nubeva Technologies Ltd. (the \"Issuer\" formerly known as Sherpa Holdings Corp.), Nubeva, Inc. and Sherpa USA Ltd. (a wholly-owned subsidiary of the Issuer), Mr. Randy Chou, the president and Chief Executive Officer of the Issuer acquired ownership and control of 13,000,000 Class A Restricted Voting Shares of the Issuer (\"Class A Restricted Voting Shares\"), representing 100% of the issued and outstanding Class A Restricted Voting Shares of the Issuer, and 9,993,548 common shares of the Issuer (\"Common Shares\"), representing 25.81% of the 38,715,185 issued and outstanding Common Shares of the Issuer.\n\nThe Class A Restricted Voting Shares are convertible into Common Shares. In the event that Mr. Chou converted the Class A Restricted Voting Shares he currently holds, then Mr. Chou would hold an aggregate of 22,993,548 Common Shares of the Issuer, representing 44.46% of the issued and outstanding Common Shares. \n\nThe Merger formed part of the qualifying transaction of the Issuer under Policy 2.4 of the TSX Venture Exchange Corporate Finance Manual, all as set out in the filing statement of the Issuer dated February 26, 2015 (the \"Filing Statement\") and filed on SEDAR on February 27, 2018.\n\nThe Class A Restricted Voting Shares and the Common Shares are held by Mr. Chou for investment purposes. Depending on market and other conditions, Mr. Chou may, directly or indirectly, acquire ownership or control over additional shares of the Issuer, through market transactions, private agreements or otherwise, in accordance with applicable securities legislation. Depending on market and other conditions (and subject to any escrow and/or lock-up agreements), Mr. Chou may sell any of his shares of the Issuer.\n\nThis press release is issued pursuant to National Instru...

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