Brief: Altitude Resources Enters Into Amalgamation Agreement With Vibe Bioscience

Vibe Growth

15/10/2018 18:13

Oct 15 (Reuters) - Altitude Resources Inc  ALI.V :
    * ALTITUDE RESOURCES INC. ENTERS INTO AMALGAMATION AGREEMENT
WITH
VIBE BIOSCIENCE CORPORATION
    * ALTITUDE RESOURCES -VIBESHAREHOLDERS OTHER THAN THOSE  WHO
EXERCISE DISSENT RIGHTS, TO GET 12.04607 SHARES IN CAPITAL OF
ALTITUDE FOR EACH VIBE SHARE
    * ALTITUDE RESOURCES - WILL BE REQUIRED, AMONG OTHER THINGS,
TO
CHANGE NAME TO "HYPE BIOSCIENCE CORP.", OR SUCH OTHER NAME
    * ALTITUDE RESOURCES INC -  UPON COMPLETION FORMER VIBE
SHAREHOLDERS WILL HOLD ABOUT 98% OF OUTSTANDING RESULTING ISSUER
SHARES
    * ALTITUDE RESOURCES -  UPON COMPLETION OF PROPOSED DEAL
EXISTING
ALTITUDE SHAREHOLDERS WILL HOLD ABOUT 26.4 MILLION RESULTING
ISSUER SHARES
    * ALTITUDE RESOURCES INC -  WILL BE REQUIRED TO REPLACE ALL
DIRECTORS AND OFFICERS OF CO ON EFFECTIVE DATE WITH NOMINEES OF
VIBE
    * ALTITUDE RESOURCES INC -DEAL COMPLETION CONDITIONAL ON
DISPOSING
ALL OF ITS MINING ASSETS AND LIABILITIES, SHARES OF ALTITUDE
RESOURCES LTD.
    * ALTITUDE RESOURCES INC -  VIBE AGREED TO ACQUIRE SOME
CONTROLLING EQUITY INTERESTS IN 4 U.S. TARGETS FOR ABOUT US$19
MILLION
    * ALTITUDE RESOURCES INC - UPON COMPLETION OF U.S.
ACQUISITIONS,
VIBE WILL BE A VERTICALLY INTEGRATED CANNABIS COMPANY OPERATING
IN UNITED STATES
    * ALTITUDE RESOURCES - ANTICIPATED THAT BALANCE OF CO'S
MINING
BUSINESS WILL BE SOLD TO ENTITY CONTROLLED BY TWO DIRECTORS OF
CO

Source text for Eikon:  ID:nCNWp0MJqa 
Further company coverage:  ALI.V 

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