|Bid||0.0050 x 0|
|Ask||0.1200 x 0|
|Day's Range||0.0900 - 0.0900|
|52 Week Range||0.0900 - 0.8000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Gegs Capital Corp. ("Gegs" or the "Corporation") (GEGS-P.V) is pleased to announce that it has entered into an arrangement agreement dated May 29, 2019 (the "Agreement") with UMG Media Corp. ("UMG") pursuant to which the parties have agreed to complete a business combination (the "Proposed Transaction") by way of statutory plan of arrangement (the "Arrangement") that will have the effect of Gegs acquiring all of the issued and outstanding common shares of UMG (the "UMG Shares"). The Proposed Transaction is expected to constitute Gegs' Qualifying Transaction under Policy 2.4 – Capital Pool Companies ("Policy 2.4") of the TSX Venture Exchange (the "TSXV"), subject to TSXV approval.
Gegs Capital Corp. (the "Corporation" or "Gegs") (TSXV – GEGS.P), and UMG Media Corp. ("UMG") are pleased to announce they have entered into a letter of intent dated March 5, 2019 (the "Agreement") with respect to a combination of both companies (the "Transaction") whereby Gegs will acquire all of the issued and outstanding common shares of UMG. Upon completion of the Transaction the combined company will be renamed UMG Media Ltd. (the "Resulting Issuer"). It is expected that the Resulting Issuer will be a Technology Issuer, subject to TSX Venture Exchange Inc. ("TSXV") approval. The Transaction is an arm’s length transaction.