Mesa Exploration Corp.: Mesa and CoinSmart Enter into Amalgamation Agreement and Close $12.6 Million Concurrent Private Placement of CoinSmart
Mesa or the
Company ) and Simply Digital Technologies Inc., dba CoinSmart (
CoinSmart ), are pleased to announce that further to their previously announced proposed transaction on April 5, 2021, they have entered into a definitive amalgamation agreement dated April 26, 2021 (the
Amalgamation Agreement ), pursuant to which, among other things, Mesa will acquire all of the issued and outstanding shares of CoinSmart by way of a three-cornered amalgamation (the
Transaction ).
Amalgamation Agreement
Under the terms of the Amalgamation Agreement, the Transaction is expected to be completed by way of a three-corned amalgamation with CoinSmart, Mesa and 12553562 Canada Inc. (
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