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Margaux Red Capital Inc. and Sigma Lithium Resources Inc. Announce Conditional Approval for Qualifying Transaction and Filing of Filing Statement
Margaux Red Capital Inc. and Sigma Lithium Resources Inc. Announce Conditional Approval fo...
About this update from Sigma Lithium Corporation
[{"type":"text","content":"\n\n\n\nMargaux Red Capital Inc. and Sigma Lithium Resources Inc. Announce Conditional Approval for Qualifying Transaction and Filing of Filing Statement\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, April 26, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U. S. SECURITIES LAW./\n\n\n\nVANCOUVER, April 26, 2018 /CNW/ - Margaux Red Capital Inc. (NEX-MXC.H) (\"Margaux\") and Sigma Lithium Resources Inc. (\"Sigma\") are pleased to announce that conditional approval has been received from the TSX Venture Exchange (the \"TSXV\") for the closing of the previously announced proposed Qualifying Transaction (the \"Proposed Transaction\") in accordance with Exchange Policy 2.4 – Capital Pool Companies, and that the filing statement for the Proposed Transaction has been filed on SEDAR (the \"Filing Statement\"). \n\nAs previously announced, the Proposed Transaction involves an exchange of shares pursuant to which Sigma's shareholders will receive common shares in the capital of Margaux (\"Margaux Shares\") in exchange for 100% of the common shares in the capital of Sigma (\"Sigma Shares\") based on an exchange ratio that will result in holders of Sigma Shares receiving such number of Margaux Shares (\"Consideration Shares\") as will result in the Consideration Shares comprising 99% of the pro forma outstanding Margaux Shares. \n\nAs described in the news release dated March 28, 2018, Sigma completed a $20,000,000 financing through the issuance of 10,000,000 subscription receipts (\"Subscription Receipts\") by way of a brokered private placement through a syndicate of agents co-led by National Bank Financial Inc. and Cormark Securities Inc. and which included Canaccord Genuity Corp.  Each Subscription Receipt entitles the holder, at no extra cost, to one Sigma Share. The Subscription Receipts will automatically be exchanged, without payment of any additional consi...