AI assistant
Hunter Technology Corp. — M&A Activity 2021
Jan 11, 2021
43476_rns_2021-01-11_74289ba4-7ed5-423f-aa60-6d5a0e3f6ac2.pdf
M&A Activity
Open in viewerOpens in your device viewer
Form 51-102F3 MATERIAL CHANGE REPORT
1.
Name and Address of Company
Hunter Technology Corp. (the “ Corporation ”) 200 Burrard Street, Suite 1615 Vancouver, B.C. V6C 3L6
2. Date of Material Change
December 31, 2020
3. News Release
A news release with respect to the material change was disseminated by the Corporation on December 31, 2020, through NetworkNewsWire and subsequently filed on SEDAR.
4. Summary of Material Change
The Corporation acquired all of the issued and outstanding ordinary shares of FinFabrik Limited (“ FinFabrik ”) pursuant to the terms of a share exchange agreement dated December 21, 2020 entered into among the Corporation, FinFabrik and certain shareholders of FinFabrik (the “ Agreement ”).
Pursuant to the terms of the Agreement, the Corporation acquired FinFabrik for aggregate consideration of US$11,149,182 comprised of 12,110,203 common shares in the capital of the Corporation (the “ Common Shares ”) and US$250,000 in cash.
The Common Shares issued to the former holders of FinFabrik ordinary shares were issued at a deemed price of US$0.90 per share and are subject to contractual hold periods of up to one (1) year from the date of issuance.
5.1 Full Description of Material Change
The Corporation completed the acquisition of FinFabrik. Pursuant to the terms of the Agreement, the Corporation issued an aggregate of 12,110,203 Common Shares and paid US$250,000 in cash to the former holders of FinFabrik ordinary shares.
5.2 Disclosure for Restructuring Transactions
Not applicable.
6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
7. Omitted Information
Not applicable.
8. Executive Officer
Bryant Pike, Chief Financial Officer (888) 977-0970
9. Date of Report
January 5, 2021.