TSX VENTURE COMPANIES
BULLETIN V2025-1490
REEFLEX SOLUTIONS INC. ("RFX")
[formerly BIGSTACK OPPORTUNITIES I INC. ("STAK.P")]
BULLETIN TYPE: Resume Trading, Qualifying Transaction-Completed/New Symbol, Name Change
BULLETIN DATE: May 22, 2025
TSX Venture Tier 2 Company
Resume Trading
The common shares of the Company have been halted from trading since November 4, 2024, pending completion of a Qualifying Transaction.
Effective at the opening, Monday, May 26, 2025, the common shares of Reeflex Solutions Inc. will commence trading on TSX Venture Exchange under the new symbol "RFX".
Qualifying Transaction-Completed/New Symbol
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated April 14, 2025. As a result, at the opening on Monday, May 26, 2025, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
The Qualifying Transaction involves the arm's length acquisition of Reeflex Coil Solutions Inc. ("Reeflex") for consideration of $4,000,000 in cash and promissory notes and 36,239,500 common shares at a deemed price of $0.20, including 4,139,500 shares issued pursuant to a subscription receipt private placement completed by Reeflex concurrent with the transaction. Reeflex completed an acquisition of Coil Solutions Inc.
27,769,820 common shares issued to Principals pursuant to the Qualifying Transaction will be subject to a Tier 2 Value Security Escrow Agreement to be released over a 36-month period. 4,573,000 common shares are subject to a CPC Escrow Agreement to be released over an 18-month period. 4,497,180 common shares issued to non-Principals pursuant to the Qualifying Transaction will be subject to a Tier 2 Value Security Escrow Agreement to be released over a 36-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
Pursuant to a resolution passed by shareholders on May 30, 2024, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Monday, May 26, 2025, the common shares of Reeflex Solutions Inc. will commence trading on TSX Venture Exchange, and the common shares of Bigstack Opportunities I Inc. will be delisted.
For further information, please refer to the Company's Filing Statement dated April 14, 2025, which is filed on SEDAR+.
The Company is classified as a "Mining and Oil & Gas Field Machinery Manufacturing" company.
Capitalization: Unlimited shares with no par value of which
46,401,500 shares are issued and outstanding
Escrow: 36,840,000 common shares
Transfer Agent: Marrelli Trust Company Limited
Symbol: RFX (new)
CUSIP #: 75846K 10 5 (new)
Company Contact: John Babic, President, Chief Executive Officer and Director
Company Address: 5475 56 Ave SE, Calgary, Alberta, T2C 3X6
Company Phone Number: 780-909-4220
Company Email Address: john.babic@reeflex.ca
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