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.