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Great Quest Fertilizer Ltd (GQ.V) (the “Company”) is pleased to announce, further to its press releases of September 13, 2018 and December 18, 2018, that it has now entered into non-arm’s length binding agreement (the “Definitive Agreement”) pursuant to which it will acquire all of the issued and outstanding shares of 1184700 BC Ltd. (“Privco”) (the “COB Transaction”). Upon the completion of the COB Transaction, the Company will continue the business of INCAJOU. The COB Transaction will constitute a “Change of Business” transaction pursuant to Policy 5.2 – Changes of Business and Reverse Takeovers (“Policy 5.2”) of the TSX Venture Exchange (the “Exchange”).
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Aug. 29, 2019 -- Great Quest Fertilizer Ltd (TSXV:GQ).
Great Quest Fertilizer Ltd (GQ.V) (“the Company”) is pleased to provide an update for shareholders on the developments within the Company during the trading halt required by the Change of Business (“COB”) process. Great Quest has launched commercial operations of Ivoirienne de Noix de Cajou (“INCajou”), the pending acquisition established to process cashew nuts in Cote d’Ivoire. Processing at the facility started in March during a commissioning process, moving 152t of raw cashew nuts through the steps of roasting, shelling, drying, peeling and grading.
Great Quest Fertilizer Ltd. (GQ.V) (“the Company”) is pleased to announce that it intends to carry out, subject to approval from the TSX Venture Exchange (the "TSX-V"), a non-brokered private placement, on a "best efforts" basis, for gross proceeds of up to $500,000 (the "Private Placement"). The Private Placement will consist of up to 3,333,333 units of the Company (each, a "Unit), at a price of $0.15 per Unit.