Business
Ironhorse Oil & Gas Inc. and Pond Technologies Inc. announce further amendment to Amalgamation Agreement
Ironhorse Oil & Gas Inc. and Pond Technologies Inc. announce further amendment to Amal...
About this update from Pond Technologies Holdings Inc.
[{"type":"text","content":"\n\n\n\nIronhorse Oil & Gas Inc. and Pond Technologies Inc. announce further amendment to Amalgamation Agreement\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\nIronhorse Oil & Gas Inc. and Pond Technologies Inc. announce further amendment to Amalgamation Agreement\nCanada NewsWire\nCALGARY, Dec. 15, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\n\n\nCALGARY, Dec. 15, 2017 /CNW/ - Further to the press releases of November 21, 2017 and December 5, 2017, Ironhorse Oil & Gas Inc. (TSX-V:IOG) (\"Ironhorse\") and Pond Technologies Inc. (\"Pond\") announce that Pond, Ironhorse and its wholly-owned subsidiary, 2597905 Ontario Inc. (\"Newco\"), have entered into a second amending agreement (the \"Second Amending Agreement\") further amending the terms of the amalgamation agreement dated October 4, 2017, as amended on November 16, 2017 (the \"Amalgamation Agreement\") among Pond, Ironhorse and Newco providing for the business combination of Pond and Ironhorse by way of a \"three-cornered amalgamation\" (the \"Transaction\").\n\nSubject to the satisfaction of certain conditions, including with respect to: (i) confirmation by no later than 5:00 p.m. (EST) on December 19, 2017 of either (A) the extension of the time for the repayment of the amounts owing on December 21, 2017 and December 31, 2017 under Pond's loan from Crystal Wealth Management Systems Ltd. (the \"CW Loan Amount\") to January 31, 2018, or (B) Pond having secured bridge financing to satisfy the CW Loan Amount on terms acceptable to Ironhorse and the TSX Venture Exchange (the \"TSXV\") in their sole discretion; and (ii) confirmation by no later than 5:00 p.m. (EST) on December 20, 2017 of the availability of funds to Pond in an amount not less than $250,000 by way of: (A) issuances by Pond of equity securities at a subscription price not less than $2.00 per equity security; or (B) Pond having secured bridge financin...