RenewABILITY Energy Inc. cancelled the acquisition of Arkadia Capital Corp. (TSXV:AKC.P) in a reverse merger transaction.
An amended letter agreement signed on January 29, 2014, between RenewABILITY Energy Inc. and Arkadia Capital as per which post closing 60 million shares will be held by RenewABILITY shareholders, 6 million shares by Arkadia shareholders, and 1.87 million shares will be held by shareholders of Cana Venture Capital Corp. The transaction is expected to be completed by May 1, 2014.
RenewABILITY Energy Inc. cancelled the acquisition of Arkadia Capital Corp. (TSXV:AKC.P) in a reverse merger transaction on December 16, 2014.