TANGELO GAMES CORP. ("GEL")
BULLETIN TYPE: Plan of Arrangement -, Delist
BULLETIN DATE: September 19, 2018
TSX Venture Tier 2 Company
Effective at the close of business on Thursday, September 20, 2018, the common shares of Tangelo Games Corp. ("Tangelo") will be delisted from TSX Venture Exchange. The delisting of Tangelo 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 as of July 10, 2018 between Tangelo and GoGel Holdings Inc. ("GoGel"), whereby GoGel has acquired all of the issued and outstanding common shares of Tangelo. The Arrangement was approved by Tangelo shareholders on September 11, 2018 and approved by the Ontario Superior Court of Justice on September 12, 2018.
Under terms of the Arrangement, Tangelo shareholders will receive cash consideration of $0.02565 for each Tangelo share held.
For further details, please refer to Tangelo's Management Information Circular dated August 15, 2018 and news releases dated July 11, 2018, July 19, 2018, August 15, 2018, August 27, 2018, August 31, 2018, September 11, 2018 and September 18, 2018.
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