Coco pool corp. announces execution of amalgamation agreement with viridian metals corp.

Not for distribution to u.s. news wire services or for dissemination in the united states vancouver, british columbia, aug. 02, 2024 (globe newswire) -- coco pool corp. (“coco”) (tsxv: ccpc.p) is pleased to announce that, further to its news release dated may 27, 2024, it has entered into a definitive amalgamation agreement (the “amalgamation agreement”) dated july 31, 2024 with viridian metals corp. (“viridian”) and 16217494 canada inc. (“coco subco”), a wholly-owned subsidiary of coco incorporated pursuant to the provisions of the canada business corporations act (the “cbca”), all in connection with a proposed three cornered amalgamation (the “amalgamation”) of coco, coco subco and viridian under the cbca, which transaction (the “transaction”) is intended to constitute coco's qualifying transaction (within the meaning of policy 2.4 – capital pool companies of the tsx venture exchange (the “exchange”)). the amalgamation agreement contemplates, among other things: (a) the name change (the “name change”) of coco to “viridian metals inc.” (coco as it will exist following completion of the transaction will be referred to below as the “resulting issuer”); (b) the consolidation (the “consolidation”) of the securities of coco, whereby each issued and outstanding pre-consolidation coco security will be exchanged for 0.46 of a post-consolidation security; and (c) the amalgamation (the “amalgamation”) of viridian and coco subco pursuant to the cbca to form “viridian metals corp.” (“amalco”), a wholly-owned subsidiary of the resulting issuer.
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