Salona Global Medical Device Corporation Announces Closing of Acquisition and Effectiveness of S-1
May 21 2021 - 8:15PM
Salona Global Medical Device Corporation (the
“
Company” or “
Salona Global”)
(TSXV:SGMD) is pleased to announce that, further to its press
releases of September 17, 2020, March 15, 2021 and April 26,
2021, it has closed its acquisition of South Dakota Partners,
Inc., and its Form S-1 Registration Statement has been declared
effective by the United States Securities and Exchange Commission.
Accordingly, the 7,869,005 subscription receipts issued by the
Company and 2,121,232 subscription receipts issued by Brattle
Finco B.C. Ltd. were ultimately converted or exchanged, as
applicable, for an aggregate of 9,990,237 common shares in the
capital of the Company and 2,121,232 purchase warrants of the
Company.
Subsequent to the transactions described herein,
there are now 44,677,545 voting common shares of the Company issued
and outstanding.
The transactions were completed in the manner
described in the Company’s management information circular dated
January 26, 2021 with respect to the annual and special meeting
of shareholders held on March 11, 2021, a copy of which is
available under the Company's profile on SEDAR
(www.sedar.com).
The Company has submitted final materials to the
TSX Venture Exchange for final approval of its Change of Business
(as such term is defined by the TSX Venture Exchange) and will
update the market with a comprehensive news release and timing of
commencement to trading shortly.
For more information please contact:
Les CrossChairman of the Board and Interim Chief
Executive OfficerTel: 1 (800) 760-6826Email:
Info@Salonaglobal.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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