| Home : November 2011 : November 30, 2011 News : Cell-Loc Location Technologies Inc. and Times Three Wireless Inc. Announce Completion of Arrangement and Receipt of $900,000 in Non-Dilutive Financing |
Cell-Loc Location Technologies Inc. and Times Three Wireless Inc. Announce Completion of Arrangement and Receipt of $900,000 in Non-Dilutive Financing |
November 30, 2011
CALGARY, ALBERTA--(Marketwire - Nov. 30, 2011) - Cell-Loc Location Technologies Inc. ("Cell-Loc") (TSX VENTURE:XCT) and Time Three Wireless Inc. ("Times Three") are pleased to announce that effective November 30, 2011 the parties have completed a reorganization transaction pursuant to a court-approved plan of arrangement (the "Arrangement") carried out under the provisions of the Business Corporations Act (Alberta) (the "ABCA") involving, among others, Cell-Loc, an arm's length private company ("Privateco") and the shareholders of Cell-Loc ("Shareholders"). The Arrangement was approved by the Shareholders at an annual and special meeting (the "Meeting") held on November 30, 2011. The final order of the Court of Queen's Bench of Alberta approving the Arrangement was issued on November 30, 2011.
http://www.marketwire.com/mw/release.do?id=1593256&sourceType=3
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