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CLEANTEK Industries Inc. — Capital/Financing Update 2021
Nov 10, 2021
43881_rns_2021-11-10_a8d6db98-f549-4bfc-81c8-00f8e09bf96f.pdf
Capital/Financing Update
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Notice of Change in Corporate Structure
(In accordance with section 4.9 of National Instrument 51-102)
Item 1. Names of the parties to the transaction
Cleantek Industries Inc. (“ Cleantek ”) Raise Production Inc. (“ Raise )
Item 2. Description of the transaction
On October 29, 2021, Raise acquired all of the issued and outstanding class A common shares of Cleantek (“ Cleantek Shares ”), and the companies were amalgamated pursuant to a plan of arrangement (the “ Arrangement ”) under section 184 of the Business Corporations Act (Alberta). The name of the amalgamated corporation is “Cleantek Industries Inc.” (the “ Resulting Issuer ”) and it exists under the laws of the Province of Alberta. Pursuant to the Arrangement, each former shareholder of Cleantek received 58.3 common shares in the capital of Raise for each Cleantek Share they held. Following the Arrangement, the common shares of the Resulting Issuer (“ Common Shares ”) were consolidated on the basis of one post-consolidation Common Share for every 58.3 pre-consolidation Common Shares.
Item 3. Effective date of the transaction
October 29, 2021
- Item 4. Names of each party that ceased to be a reporting issuer subsequent to the transaction and of each continuing entity
Not applicable.
- Item 5. Date of the reporting issuer’s first financial year-end subsequent to the transaction (if paragraph (a) or (b)(ii) of Section 4.9 of NI 51-102 applies)
Not applicable.
- Item 6. The periods, including the comparative periods, if any, of the interim financial reports and annual financial statements required to be filed for the reporting issuer’s first financial year subsequent to the transaction (if paragraph (a) or (b)(ii) of Section 4.9 of NI 51-102 applies)
Not applicable.
- Item 7. The filed documents that described the transaction and where those documents may be found in electronic format (if paragraph (a) or (b)(ii) of Section 4.9 of NI 51-102 applies)
Not applicable.
Dated: November 10, 2021