The Transaction is expected to close on December 28, 2020.
Doxa Energy Ltd (“Doxa” or the “Company”) announces that further to its press release dated November 20, 2020, and its proposed Reverse Take-Over (RTO) by ProStar Geocorp. Inc. (the “Transaction”), the Company’s shareholders have, as of December 17, 2020, approved the Transaction and the matters associated with the Transaction, including the disposition of the Company’s oil and gas assets and a debt settlement with the Company’s related party creditors.
The Transaction is expected to close on December 28, 2020, with Doxa changing its name to “ProStar Holdings Inc.” in connection therewith (the “Resulting Issuer”) with trading in the Company’s common shares re-commencing in January 2021 under the new trading symbol MAPS.