TORONTO, April 14, 2021 (GLOBE NEWSWIRE) GT Holdings Corp. (the “
Company”) today announced it has filed consolidated carve-out financial statements representing the performance and operations of the assets and liabilities that were transferred to the Company by Globalive Technology Inc. (“
GTI”) on February 10, 2021 for the financial period from January 1, 2020 to December 31, 2020 (the “
Reporting Period”).
The Company was incorporated on January 14, 2021 for the purpose of acquiring, and did acquire, the material assets and liabilities of GTI, other than certain cash required to remain in GTI, (the “
Carve-out Assets”) in connection with a reverse takeover transaction between GTI and Yooma Corp. (“
Yooma”) that was completed on February 10, 2021 (the “
Authorization for a new long term incentive plan, that will be the go-forward incentive plan for the resulting issuer of the RTO Transaction.
Additional details about the Meeting, the resolutions approved by the shareholders and other matters pertaining to the RTO Transaction can be found in the Circular, and in supplementary press releases issued by the Company on January 18, 2021 and January 20, 2021, all of which are available on the Company’s SEDAR page at www.sedar.com.
The Company notes that the business of the Meeting remains subject to final approval by the TSX Venture Exchange and the Canadian Securities Exchange.
26 January 2021
Investee Company Update: Yooma Corp.
FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to confirm the merger of Yooma Corp. ( Yooma ), in which it holds a 10.65% interest, and Globalive Technology (TSX-V: LIVE) ( Globalive ) has been approved at a special meeting of its shareholders.
Following completion of the merger, which remains subject to Canadian regulatory approval, FFWD will hold 4,007,165 shares in Globalive representing 8.95% of the enlarged issued share capital.
Ed McDermott, CEO of FastForward, commented: We are delighted that the merger between Yooma and Globalive has been approved. To see a liquidity event for our holding in Yooma within less than a year from our investment is a great result and one we hope can be replicated across other portfolio companies over the next 12 months. We are very excited to see the combined forces of G
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TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) Globalive Technology Inc. (TSXV:LIVE) (the
Company ), a technology company based in Toronto, Ontario, provides the following supplemental disclosure to the joint management information circular (the
Circular ) dated December 21, 2020 for the special meetings of the shareholders of the Company (
GTI Shareholders ) and the shareholders of Yooma Corp. (
Yooma ), each to be held on January 25, 2021 to consider the previously announced Arrangement. This news release should be read in conjunction with the Circular as a whole. Capitalized terms used and not otherwise defined in this news release shall have the meanings given to such terms in the Circular.