101159623 Saskatchewan Ltd. completed the acquisition of AMV Capital Corporation in a reverse merger transaction.
The transaction is subject to receipt of conditional approval of the Exchange to the transaction, AMV's board and shareholder approvals, no material breach or default by SaskCo, completion of the Flow-Through Private Placement to raise no less than CAD 2 million, and all conditions precedent to the completion of the transaction being satisfied. The Exchange has been advised that AMV has received approval of the RTO by way of written consent from its shareholders. The closing of the transaction is to occur on or before December 31, 2022. Odyssey Trust Company acted as transfer agent to AMV Capital Corporation.
101159623 Saskatchewan Ltd. (SaskCo) completed the acquisition of AMV Capital Corporation (TSXV:AMV) in a reverse merger transaction on December 29, 2022. In connection with closing of the transaction, AMV changed its name to "Abasca Resources Inc." on December 29, 2022. The Company's common shares will trade under its new ticker symbol ABA in early January 2023. Concurrently with the completion of the transaction, the following individuals were appointed as directors or officers of Abasca: Dawn Zhou, President, Chief Executive Officer and Director; Dave Billard, Director; Denis Arsenault, Director; Erik Martin, Chief Financial Officer; Brian McEwan, Vice President, Exploration. Concurrently with the completion of the transaction, Jerry Minni resigned as Chief Financial Officer, Corporate Secretary and a director of the Company and Michael Dake resigned as a director of the Company. Qiang Sean Wang resigned as President and Chief Executive Officer of the Company but will continue as a director and act as Executive Director. Brett Kagetsu will continue serving as a director.