Infield Minerals Corp. completed the acquisition of ECC Ventures 2 Corp. (TSXV:ETWO.P) in a reverse merger transaction.
On completion of the proposed transaction, the resulting issuer's Board of Directors and management team will be constituted as follows, Evandra Nakano as President, Chief Executive Officer and Director, Robert Chisholm as Chief Financial Officer and Corporate Secretary, Richard Dufresne as Vice President Exploration, David Hladky, Scott Ackerman and Shervin Teymouri as Directors. On completion, Elizabeth McGregor will be appointed as a Director.
The completion of the transaction is subject to number of conditions, including exchange acceptance, completion of due diligence investigations to the satisfaction of each of ECC2 and Infield, execution of the Definitive Agreement and completion of the private placement financing. The Transaction is not a Non-Arm's Length Qualifying Transaction under the policies of the Exchange and therefore will not require approval of ECC2's shareholders. The approval of the acquisition by shareholders of Infield, and satisfaction of other customary closing conditions. However, ECC2 has scheduled an annual general and special meeting of shareholders on December 18, 2020, whereat, among other things, the shareholders of ECC2 will be asked to approve certain matters including but not limited to the appointment of a new slate of four directors, assuming closing of the transaction. The transaction has been approved by the TSX Venture Exchange. The Acquisition is expected to occur around the end of May, 2021. Davidson & Company LLP provided auditor's report on financials of ECC2. Computershare Trust Company of Canada acted as transfer agent for ECC2.
Infield Minerals Corp. completed the acquisition of ECC Ventures 2 Corp. (TSXV:ETWO.P) in a reverse merger transaction on June 4, 2021. The resulting issuer shares will start trading on stock exchange from June 10, 2021, under the symbol INFD.