Found this on TD Ameritrade for the symbol RWWDF:
Blender Bites Completes Reverse-Takeover with Balsam Technologies
9:00 am ET September 21, 2021 (Accesswire) Print
VANCOUVER, BC / ACCESSWIRE / September 21, 2021 / Blender Bites Limited (formerly, Balsam Technologies Corp.) (the "Company" or "Blender"
(CSE:BITE) is pleased to announce that it has completed the acquisition (the "Transaction" of all of the outstanding securities of the privately held, Blender Bites (Holdings) Limited (formerly, Blender Bites Incorporated) ("BBI" . The Transaction proceeded pursuant to a definitive share purchase agreement (the "Agreement" dated August 31, 2021, among the Company, BBI and the former shareholders of BBI (the "Vendors" .
Image: https://www.accesswire.com/users/newswire/ima...insert.jpg
In connection with the Transaction, the Company delisted from the NEX board of the TSX Venture Exchange (the "TSXV" on Monday, September 20, 2021, and will commence trading on the Canadian Securities Exchange (the "CSE" on Tuesday, September 21, 2021 under the symbol "BITE" (the "Listing" .
About Blender Bites
Blender Bites is a Canadian company involved in the development and marketing of a line of premium frozen food products with a focus on functionality. Blender Bites was founded in 2016 and was first to market in Western Canada with a pre-portioned "easy smoothie" product that is free of any unnecessary inner plastic packaging. Blender Bites products are organic, vegan, non-GMO, gluten free, dairy free and soy free. They contain no added sugars and are made in Canada. Blender Bites products are distributed nationally across Canada and are currently sold in over 800 stores, including Sobeys, Safeway, Save on Foods, Whole Foods Market, Buy-Low/Nesters, IGA and Fresh Street.
Image: https://www.accesswire.com/users/newswire/ima...image.jpeg
Reverse-Takeover Transaction
The Transaction closed on September 20, 2021, and the Company acquired all of the outstanding securities of BBI in exchange for 11,773,580 common shares of the Company ("Consideration Shares" and 10,136,790 share purchase warrants ("Consideration Warrants" . In accordance with the policies of the CSE, 5,025,079 of the Consideration Shares held by Chelsie Hodge, the new Chief Executive Officer of the Company, will be subject to a 36-month escrow, whereby 10% of such shares will be released upon the Listing, with the remaining shares being released in equal tranches of 15% every six months after the Listing.
Following the completion of the Transaction, the Company's Board now includes Chelsie Hodge, Patrick Morris, Christopher Mackay and Grant Smith. Chelsie Hodge has been appointed as Chief Executive Officer, and Geoff Balderson will continue as Chief Financial Officer.
Conversion of Subscription Receipts
On August 31, 2021, the Company completed a non-brokered private placement (the "Financing" of 3,884,500 subscription receipts (each, a "Receipt" at a price of $1.00 per Receipt for gross proceeds of $3,884,500. Proceeds from the Financing were held in escrow pending completion of the Transaction. Following today's completion of the Transaction, each Receipt automatically converted into one common share of the Company and one-half-of-one common share purchase warrant of the Company, with each warrant entitling the holder thereof to purchase one additional common share of the Company at a price of $2.00 per share until August 31, 2023.
Following completion of the Transaction
Net proceeds of the Financing will be used for working capital and general corporate purposes of the Company upon completion of the Transaction. The securities issued in connection with the financing are subject to a statutory hold period expiring January 1, 2022.
For further information, contact:
Blender IR Team email at:
Email - investors@blenderbites.com
Telephone - +1-888-997-2055
On behalf of the Board of Directors,
Blender Bites Limited
Chelsie Hodge, Chief Executive Officer
Blender Bites Completes Reverse-Takeover with Balsam Technologies
9:00 am ET September 21, 2021 (Accesswire) Print
VANCOUVER, BC / ACCESSWIRE / September 21, 2021 / Blender Bites Limited (formerly, Balsam Technologies Corp.) (the "Company" or "Blender"
(CSE:BITE) is pleased to announce that it has completed the acquisition (the "Transaction" of all of the outstanding securities of the privately held, Blender Bites (Holdings) Limited (formerly, Blender Bites Incorporated) ("BBI" . The Transaction proceeded pursuant to a definitive share purchase agreement (the "Agreement" dated August 31, 2021, among the Company, BBI and the former shareholders of BBI (the "Vendors" . Image: https://www.accesswire.com/users/newswire/ima...insert.jpg
In connection with the Transaction, the Company delisted from the NEX board of the TSX Venture Exchange (the "TSXV"
on Monday, September 20, 2021, and will commence trading on the Canadian Securities Exchange (the "CSE" on Tuesday, September 21, 2021 under the symbol "BITE" (the "Listing" . About Blender Bites
Blender Bites is a Canadian company involved in the development and marketing of a line of premium frozen food products with a focus on functionality. Blender Bites was founded in 2016 and was first to market in Western Canada with a pre-portioned "easy smoothie" product that is free of any unnecessary inner plastic packaging. Blender Bites products are organic, vegan, non-GMO, gluten free, dairy free and soy free. They contain no added sugars and are made in Canada. Blender Bites products are distributed nationally across Canada and are currently sold in over 800 stores, including Sobeys, Safeway, Save on Foods, Whole Foods Market, Buy-Low/Nesters, IGA and Fresh Street.
Image: https://www.accesswire.com/users/newswire/ima...image.jpeg
Reverse-Takeover Transaction
The Transaction closed on September 20, 2021, and the Company acquired all of the outstanding securities of BBI in exchange for 11,773,580 common shares of the Company ("Consideration Shares"
and 10,136,790 share purchase warrants ("Consideration Warrants" . In accordance with the policies of the CSE, 5,025,079 of the Consideration Shares held by Chelsie Hodge, the new Chief Executive Officer of the Company, will be subject to a 36-month escrow, whereby 10% of such shares will be released upon the Listing, with the remaining shares being released in equal tranches of 15% every six months after the Listing. Following the completion of the Transaction, the Company's Board now includes Chelsie Hodge, Patrick Morris, Christopher Mackay and Grant Smith. Chelsie Hodge has been appointed as Chief Executive Officer, and Geoff Balderson will continue as Chief Financial Officer.
Conversion of Subscription Receipts
On August 31, 2021, the Company completed a non-brokered private placement (the "Financing"
of 3,884,500 subscription receipts (each, a "Receipt" at a price of $1.00 per Receipt for gross proceeds of $3,884,500. Proceeds from the Financing were held in escrow pending completion of the Transaction. Following today's completion of the Transaction, each Receipt automatically converted into one common share of the Company and one-half-of-one common share purchase warrant of the Company, with each warrant entitling the holder thereof to purchase one additional common share of the Company at a price of $2.00 per share until August 31, 2023. Following completion of the Transaction
Net proceeds of the Financing will be used for working capital and general corporate purposes of the Company upon completion of the Transaction. The securities issued in connection with the financing are subject to a statutory hold period expiring January 1, 2022.
For further information, contact:
Blender IR Team email at:
Email - investors@blenderbites.com
Telephone - +1-888-997-2055
On behalf of the Board of Directors,
Blender Bites Limited
Chelsie Hodge, Chief Executive Officer
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