Business
Dash Capital Corp. and Simply Solventless Concentrates Ltd. Announce Fourth Amending Agreement
Calgary, Alberta--(Newsfile Corp. - February 16, 2023) - Dash Capital Corp. (TSXV: DCX.P) (" Dash...
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"Dash Capital Corp. and Simply Solventless Concentrates Ltd. Announce Fourth Amending AgreementCalgary, Alberta--(Newsfile Corp. - February 16, 2023) - Dash Capital Corp. (TSXV: DCX.P) (\"Dash\") and Simply Solventless Concentrates Ltd. (\"SSC\") are pleased to announce that Dash, SSC and Dash Subco (as defined below) have entered into a fourth amending agreement to the Amalgamation Agreement (as defined below) dated February 13, 2023 (the \"Fourth Amending Agreement\").Fourth Amending AgreementDash and SSC continue working towards a Q1 2023 closing of the Transaction (as defined below).Dash, SSC and 2366191 Alberta Ltd. (\"Dash Subco\"), a wholly owned subsidiary of Dash, entered into an amalgamation agreement dated August 6, 2021 (the \"Amalgamation Agreement\"), as amended effective December 31, 2021, May 31, 2022 and November 21, 2022, which, among other things, sets forth the terms and conditions of the business combination, which will constitute the Qualifying Transaction (as defined in TSX Venture Exchange (\"TSXV\") policies) of Dash (the \"Transaction\"). On February 13, 2023, Dash, SSC and Dash Subco entered into the Fourth Amending Agreement to, among other things, contemplate the exchange, on a dollar-for-dollar basis, immediately prior to the closing of the Transaction of all issued and outstanding unsecured convertible debentures of SSC (the \"SSC Debentures\") for unsecured convertible debentures of the Resulting Issuer (as defined below) on the same terms and conditions as the SSC Debentures. A copy of the Amalgamation Agreement and subsequent amendments to the Amalgamation Agreement, including the Fourth Amending Agreement, have been filed on Dash's SEDAR profile and are available for viewing at www.sedar.com.Upon completion of the Transaction, it is intended that Dash (the \"Resulting Issuer\") will continue SSC's business in the cannabis industry. Details of the Transaction, including the amount and type of proposed consideration, were previously disclosed in the news releases of Dash dated June 11, 2021, August 9, 2021, February 3, 2022, March 16, 2022, July 6, 2022, July 21, 2022, and November 29, 2022.The completion of the Transaction is subject to a number of conditions precedent, including, but not limited to, the satisfaction or waiver of closing conditions customary to transactions of the nature of the T...