BULLETIN V2024-3732
MATADOR TECHNOLOGIES INC. ("MATA")
[formerly SCALING CAPITAL 1 CORP. ("SKAL.P")]
BULLETIN TYPE: Resume Trading, Qualifying Transaction-Completed/New Symbol, Name Change and Consolidation
BULLETIN DATE: December 12, 2024
TSX Venture Tier 2 Company
Resume Trading
Effective at the opening, Monday, December 16, 2024, the common shares of Matador Technologies Inc. will commence trading on TSX Venture Exchange under the new symbol "MATA".
Qualifying Transaction-Completed/New Symbol
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated November 29, 2024. As a result, at the opening on Monday, December 16, 2024, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
The Qualifying Transaction consists of the arm's length acquisition of Matador Gold Technologies Inc. by way of a plan of arrangement for consideration of 83,612,963 post-consolidation common shares at a deemed price of $0.50 per share. Concurrent with the Qualifying Transaction, Matador Gold Technologies Inc. completed a non-brokered private placement of 12,446,822 common shares of Matador Gold Technologies Inc. at $0.50 per share.
27,280,100 common shares, 10,102,000 options, and 3,000,000 performance share units issued to Principals pursuant to the Qualifying Transaction will be subject to a Tier 2 Surplus Security Escrow Agreement to be released over a 36-month period. 25,600,000 common shares issued to non-Principals pursuant to the Qualifying Transaction will be subject to a Tier 2 Value Security Escrow to be released over a 36-month period, in accordance with Seed Share Resale Restrictions. 6,248,069 common shares are subject to a CPC Escrow Agreement to be released over an 18-month period. 14,101,000 common shares are subject to voluntary resale restrictions to be released over a 12-month period.
The Exchange has been advised that the above transactions have been completed.
In addition, the Exchange has accepted for filing the following:
Name Change and Consolidation
Pursuant to a resolution passed by shareholders on November 15, 2024, the Company has consolidated its capital on a 2.2727 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening, Monday, December 16, 2024 the common shares of Matador Technologies Inc. will commence trading on TSX Venture Exchange, and the common shares of Scaling Capital 1 Corp. will be delisted.
For further information, please refer to the Company's Filing Statement dated November 29, 2024, which is filed on SEDAR+.
The Company is classified as a "computer systems design and related services" company.
Capitalization: Unlimited shares with no par value of which
91,841,055 shares are issued and outstanding
Escrow: 59,128,169 common shares
Transfer Agent: Odyssey Trust Company
Symbol: MATA (new)
CUSIP #: 576487 10 2 (new)
Company Contact: Geoff St. Clair, VP Finance
Company Address: 40 King Street West, Suite 2400, P.O. Box #215, Toronto, ON M5H 3Y2
Company Phone Number: 647-542-3600
Company Email Address: geoff@matador.network
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