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 (
Winston Capital Group Inc. Enters into Definitive Agreement for Qualifying Transaction
Corporation ), a capital pool company as defined under Policy 2.4 - Capital Pool Companies (
CPC ) of the TSX Venture Exchange (the
Exchange ), is pleased to announce that it has entered into a definitive agreement dated December 9, 2020 (the
Business Combination Agreement ) with Merida Minerals Inc. (
Merida ), as previously announced on May 11, 2020. Pursuant to the Business Combination Agreement, Winston s wholly owned subsidiary, 2797200 Ontario Inc. (
Subco ), will amalgamate with Merida (the
Amalgamation ) to complete the qualifying transaction (the
Transaction ) in accordance with the policies of the Exchange. Upon completion of the Amalgamation, the resulting issuer will be known as Merida Minerals Inc. (the