Business
TrustBIX Inc. (formerly Reco Northern Alberta Inc.) announces Receipt of Final Listing Approval and Issuance of Exchange Bulletin
(via TheNewswire) April 25, 2019 / TheNewswire / Edmonton, Canada - Reco Northern Al...
About this update from Trustbix, Inc.
[{"type":"text","content":"TrustBIX Inc. (formerly Reco Northern Alberta Inc.) announces Receipt of Final Listing Approval and Issuance of Exchange Bulletin(via TheNewswire)\n\n \nApril 25, 2019 / TheNewswire / Edmonton, Canada - Reco Northern Alberta Inc. (\"RNAI\" or the \"Corporation\") is pleased to announce that the Corporation has received final approval from the TSX Venture Exchange (\"TSXV\") for its listing application upon completion of the acquisition between RNAI and ViewTrak Technologies Inc. (\"ViewTrak\"). RNAI had applied for listing approval from the TSXV in connection with a triangular amalgamation (\"Amalgamation\") involving RNAI (post-consolidation on a 100 old to 1 new share basis), ViewTrak, BIXSco Inc. (\"BIXSco\"), Feedlot Solutions Ltd. (\"Feedlot Solutions\") (BIXSco and Feedlot Solutions are referred to as \"ViewTrak Subsidiaries\") and 2141987 Alberta Ltd. (\"#co\"), a wholly owned subsidiary of RNAI created solely for the purpose of effecting the Amalgamation, in accordance with the Business Corporations Act (Alberta).\n\n \n \nAs the resulting issuer, the Corporation will now be called TrustBIX Inc. (\"TrustBIX\") at the completion of the Amalgamation and consolidation of the RNAI common shares.\n\n \n \nThe TSXV has provided its final listing approval and has issued an exchange bulletin dated April 25, 2019 announcing that effective at the opening on Monday April 29, 2019, the common shares of TrustBIX Inc. will commence trading on the TSXV under the ticker symbol \"TBIX\".\n\n \n \n\"We are thrilled for this transaction and I am extremely excited to remain on the board of TrustBIX as TrustBIX opens a whole new chapter\" said Mr. Hugh Zhen, CEO of RNAI.\n\n \n \nMr. Hubert Lau, CEO and President of TrustBIX stated the following:\n\n \n \n\"We are immensely excited to join forces with Mr. Hugh Zhen to develop TrustBIX sustainability solutions for enhancing global food production.\"\n\n \n \nAt the annual and special meeting of the shareholders of RNAI (\"Meeting\") held on April 15, 2019, RNAI shareholders passed resolutions (collectively, the \"Transaction Resolutions\") approving certain matters in connection with the Proposed Transaction (as defined below), including (i) consolidation of the issued and outstanding RNAI Shares on the basis of one (1) post-consolidation common share for every one hundred (100) pre consolida...