Posted On: 09/24/2014 11:42:47 AM
Post# of 72747
AJAC Aja Cannafacturing Announces Kendall A. Smith Begins as BOD Member
Charge! Energy Storage, Inc. (CES), its wholly-owned subsidiary, will retain Scott Plantinga as its President, Chief Executive Officer and Chairman of the Board of Directors and seek new members to appoint to its Board of Directors. CES will be spun off in a deal that is currently being negotiated by its parent's Board of Directors. This news follows the announcement on September 15, 2014 that Aja Cannafacturing, Inc. had approved divestiture of Charge!, pending regulatory approval. A highlight of the divestiture plan is that shareholders, as of a date soon to be announced, are scheduled to receive a share in both AJAC and CES on a 1 for 1 pro-rata basis, thus providing greater value and opportunity for shareholders.
Charge! Energy Storage, Inc. (CES), its wholly-owned subsidiary, will retain Scott Plantinga as its President, Chief Executive Officer and Chairman of the Board of Directors and seek new members to appoint to its Board of Directors. CES will be spun off in a deal that is currently being negotiated by its parent's Board of Directors. This news follows the announcement on September 15, 2014 that Aja Cannafacturing, Inc. had approved divestiture of Charge!, pending regulatory approval. A highlight of the divestiture plan is that shareholders, as of a date soon to be announced, are scheduled to receive a share in both AJAC and CES on a 1 for 1 pro-rata basis, thus providing greater value and opportunity for shareholders.
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