In respect of forward-looking statements and information concerning the anticipated timing of the completion of the Arrangement, the Company has provided such statements and information in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the Company to receive the necessary court approval; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement, and other expectations and assumptions concerning the Arrangement.
Risks and uncertainties inherent in the nature of the Arrangement include, without limitation, the failure of the parties to obtain the necessary court approval or to otherwise satisfy the conditions for the completion of the Arrangement; failure of the parties to satisfy such conditions in a timely manner; the Purchaser’s ability to complete the anticipated debt and equity financing as contemplated by applicable commitment letters or to otherwise secure favourable terms for alternative financing; significant transaction costs or unknown liabilities; the failure to realize the expected benefits of the Arrangement; and general economic conditions.
The special resolution approving the Arrangement was approved by (i) 98.55% of the votes cast by Shareholders present in person (virtually) or represented by proxy and entitled to vote at the special meeting (the "Meeting”) to consider the Arrangement, and (ii) 98.29% of the votes cast by Shareholders present in person (virtually) or represented by proxy and entitled to vote at the Meeting other than the votes attached to shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
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Author / Journalist: Quisitive Technology Solutions Inc.
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