Prairie Storm Resources Corp. (formerly Quendale Capital Corp.) Announces Completion of Qualifying Transaction
Quendale or the
Transaction ) with Prairie Storm Energy Corp. (
Prairie Storm ), which resulted in the reverse take-over of the Company by the former shareholders of Prairie Storm (the
Prairie Storm Shareholders ) and which constituted the Company s
Qualifying Transaction , as such term is defined in Policy 2.4 (the
CPC Policy ) of the TSX Venture Exchange (the
TSXV ).
The Transaction was completed by way of a three-cornered amalgamation pursuant to a previously announced amalgamation agreement dated November 16, 2020 (the
Amalgamation Agreement ) among the Company, Prairie Storm and 2291479 Alberta Ltd., a wholly owned subsidiary of the Company (