TSX Venture Exchange: RBE
VANCOUVER , Feb. 12, 2018 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSXV symbol: RBE) is pleased to provide an update to its proposed reorganization and merger with 1100556 B .C. Ltd., which has a subsidiary, Marigold Ventures Inc. (collectively "Marigold").
Marigold, after some unexpected delays, now has a signed contract to acquire a 20 plus acre parcel of land in the Okanagan region of B.C., subject to certain conditions, and has completed and filed its application with Health Canada to become a licenced producer of medical marijuana pursuant to the Access to Cannabis for Medicinal Purposes Regulations ("ACMPR"). Health Canada has now finalized its intake assessment for completeness of the application and has assigned an application number.
Once Marigold has confirmation that its ACMPR application has reached the detailed review stage with Health Canada, it is planned to submit the application for listing the shares of the amalgamated corporation (to be known as "Marigold Investments" or similar name) on the Canadian Securities Exchange ("CSE"), and on CSE conditional approval to then complete the merger.
The merger and listing on the CSE are targeted for completion in April 2018 , however they remain subject to the required Health Canada confirmation, CSE approval and other conditions. RockBridge has already obtained shareholder approval to the proposed transactions.
More details on the proposed merger are set out in RockBridge's news release of May 30, 2017 .
ROCKBRIDGE RESOURCES INC.
Steve Mathiesen , President & CEO
This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge' s recent filings, available on SEDAR.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE RockBridge Resources Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2018/12/c3216.html