Rainy Hollow Ventures Inc. Announces Shareholder Approval of Its Transition to the New CPC Policy
TSXV: RHV.P) (
Company ), a capital pool company listed on the TSX Venture Exchange (
TSXV ), is pleased to announce that on March 31, 2021, disinterested shareholders of the Company approved, by way of written shareholder consent, the implementation of the certain changes needed to transition to the TSXV s Policy 2.4 -
Capital Pool Companies (
New CPC Policy ). The certain changes approved by disinterested shareholders, are as follows:
to remove the consequences of failing to complete a Qualifying Transaction (as defined in Policy 2.4) within 24 months of Rainy Hollow s date of listing on the TSXV; and
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Rainy Hollow Ventures Inc. and Sustainable Produce Urban Delivery Inc. Announce Interim Order and Meeting for Going Public Transaction
Rainy Hollow ) and Sustainable Produce Urban Delivery Inc. (
SPUD ) are pleased to announce that on March 12, 2021 SPUD obtained an interim order from the Supreme Court of British Columbia authorizing the calling and holding of an annual and special meeting (the
Meeting ) of the shareholders of SPUD (the
SPUD Shareholders ), the granting of dissent rights to SPUD shareholders and other matters relating to the conduct of the Meeting. At the Meeting, the SPUD Shareholders will be asked to pass a special resolution relating to the proposed plan of arrangement of SPUD and certain securityholders of SPUD (the
Rainy Hollow Ventures Inc. and Sustainable Produce Urban Delivery Inc. Announce Execution of Arrangement Agreement and Update Regarding Concurrent Private Placement
Rainy Hollow ) and Sustainable Produce Urban Delivery Inc. (
SPUD ) are pleased to announce that, further to their joint news release dated October 1, 2020, they have entered into an arrangement agreement dated December 21, 2020 between Rainy Hollow and SPUD (the
Arrangement Agreement ), which sets out the terms of the reverse take-over of Rainy Hollow by SPUD by way of a statutory plan of arrangement under Section 288 the
Business Corporations Act (British Columbia) (the
BCBCA ) involving Rainy Hollow, SPUD and the securityholders of SPUD (the