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PopReach Announces Closing of Business Combination with Federated Foundry
PopReach Announces Closing of Business Combination with Federated Foundry Canad...
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[{"type":"text","content":"\n \n \n \n PopReach Announces Closing of Business Combination with Federated Foundry\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /(NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES OF AMERICA\n \n )/\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 28, 2022\n \n \n /CNW/ - PopReach Corporation (\"\n \n PopReach\n \n \" or the \"\n \n Company\n \n \") (TSXV: POPR) (OTCQX: POPRF) is pleased to announce that it has completed its previously announced business combination (the \"\n \n Transaction\n \n \") with 2810735 Ontario Inc. d/b/a Federated Foundry (\"\n \n Federated\n \n \"), as described in its prior press releases dated\n \n August 17, 2021\n \n ,\n \n October 18, 2021\n \n ,\n \n October 29, 2021\n \n ,\n \n November 29, 2021\n \n ,\n \n February 14, 2022\n \n ,\n \n February 16, 2022\n \n , March 23, 2022 and April 18, 2022.\n \n \n \n \n \n \n \n \n \n Pursuant to the Transaction, PopReach acquired Federated for an indicative aggregate purchase price of C$160 million, subject to adjustments for assumed debt, working capital and other customary terms and conditions set out in the definitive transaction agreement entered into by the parties for the Transaction.  The net purchase price at closing for the Transaction was\n \n C$127\n \n .24 million, inclusive of the assumption by PopReach of an aggregate\n \n US$22\n \n .963 million of debt.  As a result, each Federated shareholder received approximately 0.7541 common shares in the capital of the Company (the \"\n \n Common Shares\n \n \") for each Federated commo...