Richmond Road Capital Corp. Enters into Definitive Agreement with Fredonia Management Ltd. – MENAFN.COM

SourceMENAFN
SectorFinancial Markets
CountryMiddle east

(MENAFN - Newsfile Corp) Richmond Road Capital Corp. Enters into Definitive Agreement with Fredonia Management Ltd. Calgary, Alberta--(Newsfile Corp. - April 8, 2021) - Richmond Road Capital Corp.

(TSXV: RRD. H) (" RRCC "), a capital pool company listed on the TSX Venture Exchange (the " Exchange "), and Fredonia Management Ltd. (" Fredonia "), a company incorporated under the laws of the British Virgin Islands with gold and silver exploration properties in the Deseado Massif, Santa Cruz, Argentina, are pleased to announce that they have signed a definitive agreement dated April 7, 2021 (the " Definitive Agreement ") in respect of a proposed business combination completed by way of a three-corned amalgamation that will result in the reverse takeover of RRCC by Fredonia (the " Proposed Transaction "). It is anticipated that the Proposed Transaction will constitute RRCC's "Qualifying Transaction" pursuant to Policy 2. 4 of the Exchange. Following the completion of the Proposed Transaction, the resulting entity (the " Resulting Issuer ") will hold all of the assets and continue the business of Fredonia. For a comprehensive description of the Proposed Transaction, see the January 11, 2021 news release issued by RRCC, a copy of which is available ...read more...