OTTAWA, May 31, 2018 /CNW Telbec/ – PERCY STREET CAPITAL CORPORATION (TSXV: PSC.P) (“Percy Street” or the “Issuer“) LIVEWELL FOODS CANADA Inc. (“LiveWell Foods” or the “Company“) are pleased to announce that they have received conditional approval from the TSX Venture Exchange (“TSX-V”) with respect to their Qualifying Transaction (“QT”) previously announced January 16, 2018.
The two parties and a wholly owned subsidiary of Percy Street will enter an Amalgamation Agreement to consummate a three-corner amalgamation under the Canada Business Corporations Act. This will result in a reverse takeover of Percy Street by the Company to be renamed as LiveWell Canada Inc.
The Company is working towards satisfying the TSX-V conditions and expects to close the QT by June 12, 2018. Upon obtaining final approval, the Company will issue a further press release to inform shareholders when it anticipates that its common shares will commence trading on the TSX-V under the stock ticker of “LVWL”.
See press release for further details: LINK