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    TELI   CA87953P1080

TELESCOPE INNOVATIONS CORP.

(TELI)
Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  02:21 2022-09-30 pm EDT
0.2400 CAD   -4.00%
09/06Telescope Innovations Corp. Appoints Dr. Jeffrey Sherman as Chief Operating Officer
CI
08/16Telescope Innovations : MD&A - 9 months May 31, 2022
PU
08/15Telescope Innovations : Updated August 15
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Telescope Innovations : Notice of Change in Corp Structure

08/04/2022 | 02:28pm EDT

NOTICE OF CHANGE IN CORPORATE STRUCTURE

Pursuant to Section 4.9 of National Instrument 51-102

Continuous Disclosure Requirements

Item 1

Names of the parties to the transaction

Telescope Innovations Corp. (formerly Culmina Ventures Corp.) (the "Company")

ClearMynd Technology Solutions Corp. ("ClearMynd")

Item 2

Description of the transaction

On April 29, 2021, the Company entered into a share exchange agreement with ClearMynd

and its securityholders (the "Share Exchange Agreement") in respect of its proposed

acquisition of all of the issued and outstanding securities of ClearMynd (the

"Transaction"). The Transaction closed on May 31, 2021.

Pursuant to the Share Exchange Agreement, the Company issued an aggregate of

37,786,070 shares of the Company in exchange for all of the issued and outstanding

securities of ClearMynd. ClearMynd then became a wholly-owned subsidiary of the

Company.

Consistent with the Transaction, the Company changed its name to "Telescope Innovations

Corp.".

Item 3

Effective date of the transaction

May 31, 2021

Item 4

Name of each party, if any, that ceased to be a reporting issuer after the transaction

and of each continuing entity

Not applicable.

Item 5

Date of the reporting issuer's first financial year-end subsequent to the transaction

August 31, 2021

Item 6

Periods, including comparative periods, if any, of the interim and annual financial

statements required to be filed for the company's first financial year subsequent to

the transaction.

The Company will be required to file annual financial statements for the period ending

August 31, 2021.

Item 7

Documents filed that describe the transaction and where those documents can be

found in electronic format.

The following documents describing the Transaction and related matters were filed on

SEDAR and are available under the Company's issuer profile at www.sedar.com:

- 2 -

  • News release dated May 10, 2021 announcing the agreement for the acquisition of ClearMynd Technology Solutions Corp.
  • Material Change Report dated May 10, 2021 relating to the signing of the Share Exchange Agreement.
  • Material Change Report dated June 8, 2021 relating to the closing of the Transaction.
  • Share Exchange Agreement filed on June 22, 2021 relating to the Transaction.

DATED: September 1, 2021

Disclaimer

Telescope Innovations Corp. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 18:27:04 UTC.


© Publicnow 2022
All news about TELESCOPE INNOVATIONS CORP.
09/06Telescope Innovations Corp. Appoints Dr. Jeffrey Sherman as Chief Operating Officer
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08/16Telescope Innovations : MD&A - 9 months May 31, 2022
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08/04Telescope Innovations : Notice of Change of Auditor - Dec 17, 2021
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08/04Telescope Innovations : Notice of Change in Corp Structure
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08/04Telescope Innovations : Other - Share Exchange Agreement
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Financials
Sales 2021 - - -
Net income 2021 -4,03 M -2,93 M -2,93 M
Net cash 2021 3,29 M 2,40 M 2,40 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 11,7 M 8,53 M 8,53 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float -
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Managers and Directors
Jason E. Hein Chief Executive Officer & Director
John Robert Chisholm Chief Financial Officer & Secretary
Paloma Prieto Vice President-Operations
Robert Mintak Independent Director
James Andrew Robinson Independent Director
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