AlphaDelta Management Corp. entered into a non-binding letter of intent to acquire Arkadia Capital Corp. (TSXV:AKC.H) in a reverse merger transaction.
Immediately after the Proposed Transaction, Arkadia expects its directors or officers to be, Victor J Therrien as Chief Executive Officer and Chief Financial Officer, Maurice Levesque, Peter Van Dyke, Chris Harrison, Glenn Warkentin, Adam Rock as Corporate Secretary and John Schmitz. The Proposed Transaction is subject to a number of significant conditions, including, the Exchange has conditionally accepted the proposed transaction, ADM has closed the Pre-Closing Private Placement and satisfied all of the pre-closing conditions to the Concurrent Private Placement,