Knol Resources Inc. Completes Continuance, Name Change and Consolidation, Files Filing Statement and Completes Reverse Takeover Transaction With Freckle I.O.T. Ltd.

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[{"type":"text","content":"\n\n\n\nKnol Resources Inc. Completes Continuance, Name Change and Consolidation, Files Filing Statement and Completes Reverse Takeover Transaction With Freckle I.O.T. 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 17, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/\n VANCOUVER, June 17, 2019 /CNW/ - Knol Resources Corp. (NEX: NOL.H) (the \"Corporation\") and Freckle I.O.T. Ltd. (\"Freckle\"), are pleased to announce that Knol continued to Ontario and changed its name to Freckle Ltd. effective June 13, 2019, consolidated the outstanding class A common shares of the Corporation on the basis of one (1) post-consolidation common share for every 2.2278588 pre-consolidation common shares (the \"Consolidation\"), and completed the previously announced business combination between the Corporation and Freckle (the \"Transaction\").\nNo fractional shares shall be issued as a result of the Consolidation, and if any fractional share would otherwise result from the Consolidation, such fractional share shall be rounded down to the nearest whole share.  A letter of transmittal has been sent to shareholders with instructions on how to exchange their pre-consolidation shares for new shares in the Corporation.\nThe Corporation filed a filing statement dated June 13, 2019 (the \"Filing Statement\") in connection with the Transaction on SEDAR and may be viewed under the Corporation's profile at www.sedar.com. For further details on the Transaction, please see the Corporation's news release dated April 30, 2019.\nThe TransactionThe Corporation is also pleased to announce that it has received conditional approval of the TSX Venture Exchange (the \"Exchange\") to complete the Transaction. The Transaction, constitutes a Reverse Takeover pursuant to Policy 5.2 – Changes of Business and Reverse Takeovers of the Exchange. Completion of the Transactio...

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