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Westbridge Energy Corp : Westbridge Announces Completion of Business Combination with Georgetown Solar
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Westbridge Completes Oversubscribed Private Placement to Raise $4,000,000 and Prepares for Business Combination
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Westbridge Energy Corporation: Westbridge Provides Update on Business Combination with Georgetown Solar
VANCOUVER, BC / ACCESSWIRE / April 9, 2021 / Westbridge Energy Corporation (TSXV:WEB.H) (
Westbridge or the
Company ) is pleased to provide an update with respect to its previously announced proposed business combination (the
Transaction ) with Georgetown Solar Inc. (
Georgetown ).
As previously announced, it is intended that the Transaction will result in the reactivation of the Company pursuant to the regulations of the TSX Venture Exchange (the
TSXV ), and the listing of the common shares of Westbridge on Tier 1 or 2 of the TSXV. In furtherance of the foregoing, the Company has completed a series of initial submissions to the TSXV, which are currently under review.
Westbridge Energy Corporation: Westbridge Announces Business Combination with Georgetown Solar
Westbridge or the
Company ) is pleased to announce that it has entered into a definitive agreement dated March 4, 2021 (the
Business Combination Agreement ) setting out the terms of a proposed business combination (the
Transaction ) with Georgetown Solar Inc. (
Georgetown ), an arm s length company incorporated under the
Business Corporations Act (Alberta). It is intended that the Transaction will result in the reactivation of the Company pursuant to the regulations of the TSX Venture Exchange (the
TSXV ), and the listing of the common shares of Westbridge on Tier 1 or 2 of the TSXV.
Georgetown is a privately-held company focused on the development of large scale utility solar PV projects. Georgetown is currently in the process of assessment for development of the solar property known as the Georgetown project, which is comprised of approximately 710 acres located in Vulc