Winston Capital Group Inc. Enters into Definitive Agreement for Qualifying Transaction
Corporation"), a capital pool company as defined under Policy 2.4 - Capital Pool Companies ("
CPC") of the TSX Venture Exchange (the "
Exchange"), is pleased to announce that it has entered into a definitive agreement dated December 9, 2020 (the "
Business Combination Agreement") with Merida Minerals Inc. ("
Merida"), as previously announced on May 11, 2020. Pursuant to the Business Combination Agreement, Winston's wholly owned subsidiary, 2797200 Ontario Inc. ("
Subco"), will amalgamate with Merida (the "
Amalgamation") to complete the qualifying transaction (the "
Transaction") in accordance with the policies of the Exchange. Upon completion of the Amalgamation, the resulting issuer will be known as "Merida Minerals Inc." (the "