TSX VENTURE COMPANIES
BULLETIN V2024-2738
CLIFFSIDE CAPITAL LTD. ("CEP")
BULLETIN TYPE: Plan of Arrangement- Delist
BULLETIN DATE: September 16, 2024
TSX Venture Tier 2 Company
Effective at the close of business on Tuesday, September 17, 2024, the common shares of Cliffside Capital Ltd. ("CEP") will be delisted from TSX Venture Exchange. The delisting of CEP shares results from the completion of a court-approved Plan of Arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to an Arrangement Agreement dated July 16, 2024, among CEP, Cliffside Ltd. (the "Buyer") and two other arm's length parties, whereby the Buyer has acquired all of the issued and outstanding common shares of CEP.
Under the terms of the Arrangement, CEP's shareholders received for $0.10 per common share (the "Consideration"), other than common shares held by certain shareholders of CEP that validly elected to receive common shares in the capital of the Buyer. The Arrangement was approved by the CEP's shareholders (the "Shareholders") on September 4, 2024. To receive Consideration, registered Shareholders must surrender the certificates representing their CEP securities together with a duly completed and corresponding executed Letter of Transmittal to Computershare Investor Services Inc., as further disclosed in the Management Information Circular dated August 8, 2024.
For further details, please refer to CEP's Management Information Circular dated August 8, 2024 and news releases dated July 16, 2024, September 4, 2024 and September 13, 2024.
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