Leo Acquisitions Provide Update on Qualifying Transaction and Supplement to Management Information Circular
* Assumes a Consolidation ratio for the Common Shares of 1.6667:1 In the event that the Qualifying Transaction is completed, the directors of the Company who are not directors of the Resulting Issuer will have a period of 12 months to exercise their Options. In addition, the Company will also apply to the TSXV to extend the expiry date of the option grants expiring on February 17, 2021 to March 5, 2023. The Options are expected to represent less than 1% of the issued and outstanding shares of the resulting issuer following the Qualifying Transaction. In addition, the Supplement will add ...
Source: globenewswire.com