BULLETIN V2025-0394
REDISHRED CAPITAL CORP. ("KUT")
BULLETIN TYPE: Plan of Arrangement- Delist, Remain Halted
BULLETIN DATE: February 7, 2025
TSX Venture Tier 2 Company
Effective at the close of business on Monday, February 10, 2025, the common shares of Redishred Capital Corp. ("Redishred") will be delisted from TSX Venture Exchange. The delisting of Redishred shares results from the completion of a court-approved Plan of Arrangement under the Canada Business Corporations Act, pursuant to an Arrangement Agreement dated November 21, 2024, between Redishred and a subsidiary of VRC Companies, LLC (the "Buyer"), whereby the Buyer has acquired all of the issued and outstanding common shares of Redishred (the "Arrangement").
Under the terms of the Arrangement, Redishred's shareholders are entitled to receive $5.00 per common share held (the "Consideration"). To receive the Consideration, shareholders of Redishred must surrender the certificates representing their Redishred shares or DRS Advice for such shares and all other required documents together with a duly completed and executed Letter of Transmittal to Computershare Investor Services Inc., as further disclosed in the Management Information Circular dated December 19, 2024.
For further details, please refer to Redishred's Management Information Circular dated December 19, 2024 and news releases dated November 22, 2024, January 24, 2025 and February 7, 2025.
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