Business News • MarketWire • Ascendant Group Holdings Inc. Announces TSX Venture Exchange Approval of Assignment of Stock Options |
Ascendant Group Holdings Inc. Announces TSX Venture Exchange Approval of Assignment of Stock Options |
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Ascendant Group Holdings Inc. Announces TSX Venture Exchange Approval of Assignment of Stock Options
TORONTO, ONTARIO--(Marketwired - April 18, 2016) - Ascendant Group Holdings Inc. ("Ascendant") announces that the TSX Venture Exchange has approved the assignment by Quantum International Income Corp. (the "Corporation") to Ascendant of an outstanding option to acquire 9,000,000 common shares of the Corporation (the "Option"). As a condition to the assignment of the Option (the "Assignment"), Ascendant has agreed to pay C$0.05 per common share acquired upon any exercise of the Option. The common shares of the Corporation ("Shares") underlying the Option represent approximately 10.43% of the issued and outstanding Shares (on a partially diluted basis and based on a total of 86,325,179 Shares issued and outstanding). Manu K. Sekhri, the Chief Executive Officer of the Corporation, has control or direction over the security holdings of Ascendant.
View More : http://www.marketwired.com/mw/release.do?id=2115986&sourceType=3
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