Business News • MarketWire • Turquoise Capital Corp. Enters Into Business Combination Agreement With Vigil Technologies Inc. |
Turquoise Capital Corp. Enters Into Business Combination Agreement With Vigil Technologies Inc. |
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Turquoise Capital Corp. Enters Into Business Combination Agreement With Vigil Technologies Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 2, 2015) - TURQUOISE CAPITAL CORP. ("Turquoise") (TSX VENTURE:TQC.P), a capital pool company, is pleased to announce that it has entered into a business combination agreement dated April 1, 2015 (the "Definitive Agreement") with Vigil Technologies Inc. ("Vigil") and 1030301 B.C. Ltd., being a wholly owned subsidiary of Turquoise, ("Subco") whereby Turquoise has agreed to acquire all of the issued and outstanding shares of Vigil (the "Transaction"). Turquoise is a capital pool company ("CPC") and intends the Transaction to constitute a Qualifying Transaction under the TSX Venture Exchange (the "Exchange") Policy 2.4 - Capital Pool Companies. Upon successful completion of the Transaction, Turquoise will be a Tier 2 technology issuer.
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