Business
P Squared Renewables Inc. and Universal Ibogaine Inc. Announce Filing of Filing Statement on SEDAR
(TheNewswire) Calgary, Alberta – TheNewswire - August 30, 2021 ...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"P Squared Renewables Inc. and Universal Ibogaine Inc. Announce Filing of Filing Statement on SEDAR\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Calgary, Alberta –\n \n \n TheNewswire\n- August 30, 2021\n \n \n - P Squared Renewables Inc.\n(TSXV:PSQ.P) (\"\n \n \n PSQ\n \n \n \" or the \"\n \n \n Company\n \n \n \") a\ncapital pool company, and Universal Ibogaine Inc. (\"\n \n \n UI\n \n \n \") are pleased\nto announce that PSQ has SEDAR filed its Filing Statement in respect\nof its previously announced Qualifying Transaction (as defined under\nTSXV Policy 2.4) with UI ‎whereby PSQ will acquire all of the\noutstanding shares of UI by ‎way of a three-corner amalgamation\namong PSQ, UI and 1266855 B.C. Ltd. (\"\n \n \n Subco\n \n \n \"), a\n‎wholly-owned subsidiary of PSQ (the \"\n \n \n Transaction\n \n \n \").\nPlease refer to PSQ’s SEDAR profile at\n \n \n \n \n www.sedar.com\n \n \n \n \n for a copy of\nthe Filing Statement.\n \n \n \n \n It is expected that the non-brokered private placement\nof ‎subscription receipts (\"\n \n \n Subscription Receipts\n \n \n \") being ‎undertaken by 1266855 B.C. Ltd.\n‎‎(\"\n \n \n Subco\n \n \n \"), a wholly owned subsidiary of PSQ, of up to\n‎‎24,000,000 ‎Subscription Receipts at a price of $0.25 per\nSubscription Receipt for aggregate ‎gross proceeds ‎of up to\n$6,000,000 (the \"Offering\") will be completed on August 31,\n2021. The termination time from 5:00 p.m. (Calgary time) for the\nSubscription Receipts had been extended from on July 31, 2021 to 5:00\np.m. (Calgary ‎time) on August 31, 2021.  ‎\n \n \n \n \n It is also expected that the Transaction will be\ncompleted on August 31, 2021.\n \n \n \n \n Shortly after closing the Transaction, the resulting\nissuer is expected to change its name to Universal Ibogaine Inc. and\ncommence trading on the ‎TSXV under the trading symbol\n\"IBO\".‎\n \n \n \n \n Forward-Looking Information\n \n \n \n \n This press release contains forward-looking information\nbased on current expectations. Statements about the closing of the\nTransaction and the parties’ ability to satisfy closing conditions\nand receive necessary approvals are all forward-looking information.\nThese statements should not be read as guarant...