Triumph Ventures Announces Conditional Approval of Qualifying Transaction with Altitude Resources
Triumph Ventures III Corp. (TVP-P.V), a capital pool company, confirmed that it has received the conditional approval of the TSX Venture Exchange to acquire all of the issued and outstanding common shares of Altitude Resources Ltd. as part of its qualifying transaction.
The qualifying transaction will be carried out by means of a triangular amalgamation, in which Altitude will amalgamate with a wholly-owned subsidiary of Triumph, and Triumph will be renamed Altitude Resources Inc.
The common shares of Triumph will undergo a consolidation on a two-for-one basis. Holders of shares of Altitude will receive shares of the new resulting issuer in exchange for their Altitude shares on a one-for-one basis.
The consolidation, amalgamation and name change have received all applicable shareholder and other corporate approvals.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.