REGINA, SK, Sept. 23, 2020 /CNW/ - Input Capital Corp.
(TSXV: INP) (US: INPCF) ("Input", "Company")
announces that, at its special meeting ("Meeting") of
shareholders held today, Input shareholders overwhelmingly voted to
approve the previously announced plan of arrangement involving
Bridgeway National Corp. ("Bridgeway") under The Business
Corporations Act (Saskatchewan) (the "Arrangement").
Pursuant to the Arrangement, Bridgeway will, among other things,
acquire all of the issued and outstanding common shares of Input
(the "Shares") at a price of $1.75 per Share.
The Arrangement required approval by an affirmative vote of at
least two-thirds of the votes cast at the Meeting by Input
shareholders. Of the votes cast at the Meeting with respect to the
Arrangement, a total of 37,438,413 Shares were voted in favour of
the Arrangement, representing approximately 99.99% of the votes
cast on the special resolution approving the Arrangement. Input's
full report of voting results will be filed under Input's issuer
profile at www.sedar.com.
Input intends to seek a final order of the Saskatchewan Court of Queen's Bench (the
"Court") to approve the Arrangement at a hearing expected to
be held on September 28, 2020.
Completion of the Arrangement remains subject to the satisfaction
of certain closing conditions, including Court approval. Subject to
the satisfaction or waiver of all of the conditions to the closing
of the Arrangement, the Arrangement is expected to be completed on
or about October 1, 2020. Upon
closing of the Arrangement, shareholders of Input will be entitled
to receive $1.75 in cash for each
Share held. Following completion of the Arrangement, Input will be
de-listed from the TSX Venture Exchange and applications will be
made for Input to cease to be a reporting issuer.
Further information about the Arrangement is set forth in the
materials prepared by the Company for the Meeting. These Meeting
materials were mailed to Input shareholders and are filed under
Input's issuer profile on the System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com.
ABOUT INPUT
Input is an agriculture commodity streaming company with a focus
on canola, the largest and most profitable crop in Canadian
agriculture. The Company has developed several flexible and
competitive forms of financing which help western Canadian canola
farmers solve working capital, mortgage finance and canola
marketing challenges and improve the financial position of their
farms. Under a streaming contract, Input has provided capital in
exchange for a stream of canola via multi-year fixed-volume canola
purchase contracts.
Forward Looking Statements
This release includes forward-looking statements regarding
Input and its business. Such statements are based on the current
expectations and views of future events of Input's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting Input, including risks regarding the
agricultural industry, economic factors and the equity markets
generally and many other factors beyond the control of Input. No
forward-looking statement can be guaranteed. Forward-looking
statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statement or information.
Accordingly, readers should not place undue reliance on any
forward-looking statements or information. Except as required by
applicable securities laws, forward-looking statements speak only
as of the date on which they are made and Input undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
SOURCE Input Capital Corp.
