Business News • MarketWire • BC Advantage Funds Receives Shareholder Approval for Voluntary Liquidation and Dissolution |
BC Advantage Funds Receives Shareholder Approval for Voluntary Liquidation and Dissolution |
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BC Advantage Funds Receives Shareholder Approval for Voluntary Liquidation and Dissolution
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2016) - B.C. Advantage Funds (VCC) Ltd. (the "Company") announced today that at its Annual and Special Meeting shareholders approved (i) the voluntary liquidation and dissolution of the Company pursuant to Division 2 of Part 10 of the Business Corporations Act (British Columbia) (BCBCA) or in the alternative and in the circumstances set out in the form of resolution, the voluntary liquidation and dissolution of the Company under Division 3 of Part 10 of the BCBCA, (ii) the settlement of all of the assets of the Company on the Liquidation Trustee (as defined in the information circular in respect of the Meeting) on trust that the Liquidation Trustee assume and pay all of the liabilities of the Company, and distribute any remaining assets of such trust rateably to the shareholders of record as of the date of dissolution of the Company, (iii) the disposition of all or substantially all of the undertaking of the Company, and (iv) the reduction of the capital of the Company on the winding-up of the business and affairs of the Company (collectively the "Dissolution") and (v) certain other matters.
View More : http://www.marketwired.com/mw/release.do?id=2146710&sourceType=3
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