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Debut Diamonds Inc.: Debut Diamonds Announces Reverse Takeover Transaction with Wesana Health and Brokered Financing Led by Stifel GMP
(CSE: DDI) (
Agreement ) dated February 2, 2021 with WeSana Health Inc. (
Wesana Health ) to complete a business combination by way of a transaction that will constitute a reverse takeover of the Company by Wesana Health (the
Transaction ). If completed, the Transaction will constitute a fundamental change of Debut Diamonds pursuant to the policies of the Canadian Securities Exchange (the
CSE ).
The Transaction will be structured as an amalgamation, arrangement, takeover bid, share purchase or other similar form of transaction or a series of transactions that have a similar effect with the Company acquiring all shares of Wesana Health. The final structure of the Transaction will be determined by the parties following receipt of tax, corporate and securities law advice. The Transaction is an arm s length transaction. ....

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