1308402 B.C Ltd.: CloudBreak Discovery Corp. Closes Imperial X Transaction
CloudBreak or the
Company ) is pleased to announce that its transaction with Imperial X Plc (
Imperial X ) (see the Company s press releases dated September 2, 2020, January 8, 2021, and February 17, 2021) has now closed. Under the transaction, CloudBreak amalgamated with Howson Ventures Inc. (
Howson ), Cabox Gold Corp. (
Numberco Sub ) to form 1308402 B.C. Ltd. (
Amalco ), which is a subsidiary of Imperial X (the
Amalgamation ). In conjunction with closing, Imperial X also acquired certain assets in Anglo African Minerals Plc (
AAM ) and changed its name to Cloudbreak Discovery Plc .
As consideration under the proposed transaction, Imperial X issued an aggregate of approximately 149,568,471 Imperial X shares pro rata to the CloudBreak shareholders. Accordingly, each CloudBreak shareholder received approximately 4.6365 Imperial X shares in exchange for each CloudBreak share held. Following
CloudBreak Discovery Corp. Closes Imperial X Transaction
CloudBreak or the
Company ) is pleased to announce that its transaction with Imperial X Plc (
Imperial X ) (see the Company s press releases dated September 2, 2020, January 8, 2021, and February 17, 2021) has now closed. Under the transaction, CloudBreak amalgamated with Howson Ventures Inc. (
Howson ), Cabox Gold Corp. (
Numberco Sub ) to form 1308402 B.C. Ltd. (
Amalco ), which is a subsidiary of Imperial X (the
Amalgamation ). In conjunction with closing, Imperial X also acquired certain assets in Anglo African Minerals Plc (
AAM ) and changed its name to Cloudbreak Discovery Plc .
As consideration under the proposed transaction, Imperial X issued an aggregate of approximately 149,568,471 Imperial X shares pro rata to the CloudBreak shareholders. Accordingly, each CloudBreak shareholder received approximately 4.6365 Imperial X shares in exchange for each CloudBreak share held. Following closing, as well
CloudBreak Discovery Corp. Executes Agreements for Imperial X Transaction
CloudBreak or the
Company ) is pleased to announce that it has now executed definitive agreements respecting its proposed transaction with Imperial X Plc (
Imperial X ) (see the Company s press releases dated September 2, 2020 and January 8, 2021). Under the transaction, CloudBreak will amalgamate with Howson Ventures Inc. (
Howson ), Cabox Gold Corp. (
Numberco Sub ) to form an amalgamated company (
Amalco ) that will be a subsidiary of Imperial X (the
Amalgamation ).
Acquisition Agreement ) dated February 16, 2021 with Imperial X, 1278925 B.C. Ltd. (
Numberco ) and the individual incorporator of Numberco (the
Incorporator ) and an amalgamation agreement (the
Amalgamation Agreement ) dated February 16, 2021 with Howson, Cabox, Numberco and Numberco Sub. Under the Acquisition Agreement, Imperial X has agreed to acquire all of the issued and outstanding CloudBreak shares. The Amalgamat