(NASDAQ: LBIX) $1.20/share -Merger due to close an
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Posted On: 05/25/2018 10:43:52 AM
(NASDAQ: LBIX) $1.20/share -Merger due to close any day, see (6-K filed April 2nd, 2018 excerpt below) Tiny float 2M shares , merger company is https://liquidmediagroup.co/gaming.html Liquid has a large stake (51%) in Majesco entertainment (NASDAQ: MJCO) $5.47/share. See - https://globenewswire.com/news-release/2018/0...sults.html
6-K filed April 2018- Vancouver, Canada, April 2, 2018, Leading Brands, Inc. (NASDAQ: LBIX) (the “Company” or "LBIX"
is pleased to announce that on March 23, 2018, the Nasdaq Listing Qualifications Staff ("Nasdaq Staff" granted the Company an extension of time until July 23, 2018 to regain compliance with Listing Rule 5550(b) (the "Listing Rule" .
As previously announced on September 18, 2017, the Company has entered into a definitive agreement to acquire Liquid Media Group Ltd. ("Liquid" by way of a plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the "Transaction" and will seek to list the post-acquisition entity on The Nasdaq Capital Market. In accordance with the applicable Canadian securities laws, the Company will be holding a special meeting of shareholders to consider resolutions to approve the issuance of the shares forming the consideration to be paid to Liquid shareholders pursuant to the Transaction, among other things. The special meeting of LBIX shareholders is being held concurrently with a special meeting of Liquid shareholders, which will be called by Liquid to consider the Transaction.
Closing of the Transaction is subject to Liquid receiving approval from its shareholders for the Transaction. The Transaction will also require the approval of LBIX shareholders and the Supreme Court of British Columbia (the "Court" , as well as certain regulatory approvals. If the requisite approvals of the Liquid shareholders, the LBIX shareholders and the Court and the regulatory approvals are obtained and all other conditions to the Transaction have been satisfied, it is anticipated that the Transaction will be completed in May 2018.
Please share your DD, we will have more soon on LBIX
6-K filed April 2018- Vancouver, Canada, April 2, 2018, Leading Brands, Inc. (NASDAQ: LBIX) (the “Company” or "LBIX"
is pleased to announce that on March 23, 2018, the Nasdaq Listing Qualifications Staff ("Nasdaq Staff" granted the Company an extension of time until July 23, 2018 to regain compliance with Listing Rule 5550(b) (the "Listing Rule" . As previously announced on September 18, 2017, the Company has entered into a definitive agreement to acquire Liquid Media Group Ltd. ("Liquid"
by way of a plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the "Transaction" and will seek to list the post-acquisition entity on The Nasdaq Capital Market. In accordance with the applicable Canadian securities laws, the Company will be holding a special meeting of shareholders to consider resolutions to approve the issuance of the shares forming the consideration to be paid to Liquid shareholders pursuant to the Transaction, among other things. The special meeting of LBIX shareholders is being held concurrently with a special meeting of Liquid shareholders, which will be called by Liquid to consider the Transaction. Closing of the Transaction is subject to Liquid receiving approval from its shareholders for the Transaction. The Transaction will also require the approval of LBIX shareholders and the Supreme Court of British Columbia (the "Court"
, as well as certain regulatory approvals. If the requisite approvals of the Liquid shareholders, the LBIX shareholders and the Court and the regulatory approvals are obtained and all other conditions to the Transaction have been satisfied, it is anticipated that the Transaction will be completed in May 2018. Please share your DD, we will have more soon on LBIX
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