Concordia Announces Special Meeting Results
30 November 2013 - 8:47AM
Marketwired
Concordia Announces Special Meeting Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 29, 2013) -
Concordia Resource Corp. (TSX-VENTURE:CCN) (the "Company") is
pleased to announce that shareholders have approved the special
resolutions presented at its special meeting (the "Meeting") held
today. At the Meeting, 26,405,422 shares representing 28.6% of the
total number of securities issued and outstanding, or 98.29% of the
total shares voted, were voted in favor of:
- the special resolution approving the arrangement under Part 9,
Division 5 of the Business Corporations Act (British
Columbia) as a result of which, among other things the Company
will: (a) consolidate its common shares on a five (5) to one (1)
basis; and (b) spin out its interest in its subsidiary Meryllion
Resources Corporation to its shareholders; and
- the special resolution authorizing the Company to enter into a
transaction with HPX TechCo Inc. whereby it will acquire certain
assets of HPX TechCo Inc. in exchange for issuing common shares
representing 85% of its issued and outstanding share capital.
About HPX
TechCo: HPX TechCo is a company incorporated under
the laws of the British Virgin Islands and indirectly controlled by
Robert Friedland, a resident of Singapore.
On behalf of the Board of Concordia Resource Corp.
Terry Krepiakevich, Interim CEO and Director
Completion of the transaction is subject to a number of
conditions, including final Exchange acceptance. There can be no
assurance that the transaction will be completed as proposed or at
all. Investors are cautioned that, except as disclosed in the
Management Information Circular to be prepared in connection with
the transaction, any information released or received with respect
to the Reverse Take Over and the Arrangement may not be accurate or
complete and should not be relied upon. Trading in the securities
of Concordia Resource Corp. should be considered highly
speculative. The TSX Venture Exchange has in no way passed upon the
merits of the proposed transaction and has neither approved nor
disapproved the contents of this press release. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Concordia Resource
Corp.+1-604-221-7982info@concordiaresourcecorp.comwww.concordiaresourcecorp.com
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