Brief: Dragonfly Enters Into Binding Letter Of Intent For Qualifying Transaction

Black Swan Graphene

09/05/2019 01:58

May 8 (Reuters) - Dragonfly Capital Corp  DRCh.V :
    * DRAGONFLY ENTERS INTO BINDING LETTER OF INTENT FOR
QUALIFYING
TRANSACTION
    * DRAGONFLY CAPITAL -LETTER OF INTENT FOR CO AND 2591046
ONTARIO
CORP TO COMPLETE BUSINESS COMBINATION WHICH WILL CONSTITUTE
REVERSE TAKE-OVER OF CO
    * DRAGONFLY CAPITAL-DEAL WILL BE CARRIED OUT BY WAY OF
THREE-CORNERED AMALGAMATION PURSUANT TO AMALGAMATION AGREEMENT
TO BE ENTERED INTO AMONG PARTIES
    * DRAGONFLY WILL AMALGAMATE WITH TARGET TO FORM A NEWLY
AMALGAMATED COMPANY ("AMALCO")
    * FORMER TARGET SHAREHOLDERS TO RECEIVE ONE
POST-CONSOLIDATION
DRAGONFLY SHARE FOR EACH POST-CONSOLIDATION TARGET SHARE
    * FOLLOWING DEAL AMALCO WILL BECOME A WHOLLY-OWNED
SUBSIDIARY OF
DRAGONFLY

Source text for Eikon:  ID:nGNX76c6Zf 
Further company coverage:  DRCh.V 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))