This press release is issued pursuant to Multilateral
Instrument 62-104 - Take-Over Bids and Issuer Bids and National
Instrument 62-103 - The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues.
FREDERICTON, NB, Oct. 18, 2019 /CNW/ - 711394 N.B. Inc., an entity
wholly-owned by Elsipogtog First Nation, announces that it has
filed an early warning report in connection with the amalgamation
of Trichome Financial Corp. (the "Issuer") (TSXV:TFC) and 22
Capital Corp. ("22 Capital"), which was completed on
October 4, 2019 pursuant to an
amalgamation agreement dated November 13,
2018, as amended January 30,
2019, April 5, 2019,
May 27, 2019, August 12, 2019 and August
30, 2019, between the Issuer and 22 Capital (the
"Amalgamation"). The amalgamated entity continued under the
name "Trichome Financial Corp.". The Amalgamation constituted the
Qualifying Transaction for 22 Capital under Policy 2.4 of the TSXV
Corporate Finance Manual.
Both before and after the Amalgamation, 711394 N.B. Inc.
beneficially owned, directly and indirectly, or exercised control
or direction over 2,857,143 common shares in the capital of the
Issuer (the "Common Shares"), representing approximately 11%
of the issued and outstanding Common Shares. 711394 N.B. Inc.
acquired the Common Shares in a private placement prior to the
Amalgamation.
The occurrence that triggered the requirement to file an early
warning report and this press release was that, in connection with
the Amalgamation, the Issuer became a "reporting issuer" pursuant
to applicable securities laws.
A report respecting this acquisition will be filed with the
applicable securities commissions using the System for Electronic
Document Analysis and Retrieval (SEDAR) and will be available for
viewing on Trichome Financial's profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Trichome Financial Corp.