CLIFFSIDE CAPITAL LTD. ("CEP")
[formerly, Cliffside Capital Ltd. ("CEP.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Reinstated for Trading
BULLETIN DATE: July 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Information Circular dated May 25, 2016. As a result, at the opening on July 7, 2016, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
The Company acquired for $3 million cash from AutoCapital Canada Management Inc. an 85% limited partnership interest in CAL LP, an Ontario limited partnership holding approximately $3.5 million aggregate principal amount of automobile loans originated and serviced in Canada.
The Exchange has been advised that the above transaction, approved by Shareholders on June 23, 2016, has been completed.
Capitalization: Unlimited shares with no par value of which
55,000,000 shares are issued and outstanding
Escrow: 34,250,000 common shares
Symbol: CEP (same symbol as CPC but with .P removed)
The Company is classified as an "Investment" company.
Reinstated for Trading
As a result of the completion of a qualifying transaction, effective at the opening, July 7, 2016, trading will be reinstated in the securities of the Company.
Company Contact: Yazdi Bharucha, Chief Financial Officer
Company Address: 11 Church Street, Suite 200, Toronto, Ontario, Canada M5E 1W1
Company Phone Number: 647-226-4894
Company Fax Number: 416-861-0177
Company Email Address: ybharucha@sympatico.ca
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