KayMaur Holdings Ltd. acquires Class "A" Common Shares of Founders Advantage Capital Corp.

Jan 01, 2021

VANCOUVER, British Columbia, Jan. 01, 2021 (GLOBE NEWSWIRE) -- KayMaur Holdings Ltd. (“KayMaur”) reports that on December 31, 2020, KayMaur acquired 4,071,000 Class “A” common shares (“Common Shares”) in the capital of Founders Advantage Capital Corp. (“Founders”) from treasury at a deemed price of $1.75 per Common Share for total consideration of $7,124,250. The acquisition of Common Shares was completed in connection with the Inversion Rights Termination Transaction and related transactions (collectively, the “Reorganization”) disclosed in Founder’s information circular dated November 9, 2020 (the “Circular”).

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