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The Limestone Boat Company Limited Closes Qualifying Transaction

The Limestone Boat Company Limited Closes Qualifying Transaction
Trading to begin on March 4, 2021 under the ticker symbol BOAT
March 02, 2021 20:43 ET
| Source:
LL One Inc.
LL One Inc.
TORONTO, March 02, 2021 (GLOBE NEWSWIRE) The Limestone Boat Company Limited (formerly LL One Inc.) (the
Company ) is pleased to announce it has closed its qualifying transaction (the
Qualifying Transaction ) pursuant to Policy 2.4 –
Capital Pool Companies of the TSX Venture Exchange (the
Exchange ) and that the Company changed its name from LL One Inc. to The Limestone Boat Company Limited . Trading of common shares of the Company (each, a
Common Share ) on the Exchange will resume on March 4, 2021. ....

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LL One Inc. Announces Closing of $3.23 Million Private Placement Offering by the Limestone Boat Company

Definitive Agreement ) between LLO, LBC and 2790889 Ontario Inc., a wholly-owned subsidiary of the Company (
Subco ), the parties will complete a three-cornered amalgamation (the
Qualifying Transaction ) pursuant to Policy 2.4 –
Capital Pool Companies (the
Policy ) of the TSX Venture Exchange (the
Exchange ). In accordance with the Definitive Agreement, LBC will amalgamate with Subco and, pursuant thereto, all of the issued and outstanding founder common shares of LBC and Class A common shares of LBC (collectively, the
LBC Shares ) will be cancelled and LLO will issue 50 common shares in the capital of the Company (the
LLO Shares ), issued at a deemed price of $0.16, in consideration of each such LBC Share so cancelled (the ....

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