Business
PopReach Announces Conditional TSX Venture Exchange Approval of RTO Transaction with Federated Foundry
PopReach Announces Conditional TSX Venture Exchange Approval of RTO Transaction with Fede...
About this update from Ionik Corporation
[{"type":"text","content":"\n \n \n \n PopReach Announces Conditional TSX Venture Exchange Approval of RTO Transaction 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 \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 TORONTO\n \n ,\n \n Feb. 14, 2022\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, in connection with its previously announced proposed 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 and\n \n November 29, 2021\n \n , the TSX Venture Exchange (the \"\n \n Exchange\n \n \") has conditionally approved the Transaction and the listing of the post-Transaction shares of the resulting issuer.  The Exchange's approval is conditional on a number of conditions being fulfilled on or prior to\n \n May 10\n \n , 2022.\n \n \n \n \n \n \n \n \n \n As the Transaction will be a Reverse Takeover (as defined in the Exchange policies), and as described in prior press releases dated\n \n August 17, 2021\n \n and\n \n October 18, 2021\n \n , the Transaction will require approval of the Company's shareholders. PopReach and Federated continue to work to finalize the information circular in accordance with the policies of the Exchange, and PopReach has scheduled a special meeting of its shareholders for\n \n March 23, 2022\n \n , with a record date of\n \n February 21, 2022\n \n , to seek approval of its shareholders for the Transaction.\n \n \n As described in the prior press release dated\n \n October 18, 2021\n \n , each of the directors, executive officers, and insiders of PopReach, along with a number of other long-term unrelated shareholders, holding in aggregate approximately 50.5% of the issued and outstanding PopReach shares, have executed vo...