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Westbridge Energy Corporation: Westbridge Announces Business Combination with Georgetown Solar


Westbridge Energy Corporation: Westbridge Announces Business Combination with Georgetown Solar
Westbridge or the
Company ) is pleased to announce that it has entered into a definitive agreement dated March 4, 2021 (the
Business Combination Agreement ) setting out the terms of a proposed business combination (the
Transaction ) with Georgetown Solar Inc. (
Georgetown ), an arm s length company incorporated under the
Business Corporations Act (Alberta). It is intended that the Transaction will result in the reactivation of the Company pursuant to the regulations of the TSX Venture Exchange (the
TSXV ), and the listing of the common shares of Westbridge on Tier 1 or 2 of the TSXV.
Georgetown is a privately-held company focused on the development of large scale utility solar PV projects. Georgetown is currently in the process of assessment for development of the solar property known as the Georgetown project, which is comprised of approximatel ....

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Westbridge Energy Corporation: Westbridge Appoints Marcus Yang to the Board of Directors and Announces Non-Brokered Private Placement


Westbridge Energy Corporation: Westbridge Appoints Marcus Yang to the Board of Directors and Announces Non-Brokered Private Placement
Westbridge or the
Company ) is pleased to announce the appointment of Marcus Yang to its board of directors effective December 4, 2020.
Mr. Yang is an experienced corporate financier and qualified Chartered Professional Accountant of Ontario & Canada. He also holds a Chartered Institute for Securities & Investment Level 3 Certificate and FCA (UK) approved person with CF30 functions.
Mr. Yang has over twenty years of banking and corporate finance experience gained from global financial and banking institutions. He has work experiences from KPMG and Deloitte as well as extensive banking experience from GE Capital and The Royal Bank of Scotland in London, UK. Most recently, he was a member of a London based, independent investment firm, Channel Capital Advisors, advising and arranging structured credit products for their global inves ....

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Nabis Holdings Inc. Receives Court Approval of Proposal - Press Release


n
y”) provides an update with respect to the hearing to approve the Company’s previously announced proposal (as amended from time to time, the “
Proposal”) under the
Bankruptcy and Insolvency Act (Canada) (the “
BIA”). On December 21, 2020, the Ontario Superior Court of Justice (Commercial List) granted an order (the “
Approval
Order”) approving the Proposal in accordance with its terms and the BIA.
Pursuant to the Proposal, the Company will implement a recapitalization of the Company’s outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures and all other debts of the Company (the “
Recapitalization”). Further details regarding the material terms of the Proposal are set out in the Company’s news releases dated November 23, 2020 and December 10, 2020. KSV Restructuring Inc. is acting the proposal trustee in respect of the Proposal (in such capacity, the “ ....

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