Quri-Mayu Developments Ltd. (formerly, Quri-Mayu Ventures Ltd.) announces completion of the arrangement with EVI Global Group Developments Corp., issuance of shares in furtherance of the arrangement, and name change
Vancouver, B.C., October 17, 2018 – Quri-Mayu Developments Ltd. (formerly, Quri-Mayu Ventures Ltd.) (the “Company”) is pleased to announce that as a result of the completion of a plan of arrangement between the Company and EVI Global Group Developments Corp. (“EVI”) under the arrangement agreement entered into on February 9, 2018 and as amended on March 7, 2018 between EVI, the Company, Quri Resources Ltd., 1155176 B.C. LTD., Polarity Minerals Corp., EVI Ventures Corp. (formerly, 1151588 B.C. Ltd.), and Evolution Global Financial Corp. (formerly, 1151589 B.C. Ltd.) (the “Arrangement”), the Company became a reporting issuer in the provinces of Alberta and British Columbia, and pursuant to the Arrangement, the Company will issue 855,400 common shares effective as of October 3, 2018 to EVI shareholders of record as of April 12, 2018 who are entitled to receive shares under the Arrangement. The Company’s CUSIP number is “74915N108” and its ISIN number is “CA74915N1087”.
The Arrangement received EVI Shareholder approval on March 2, 2018 and final court approval from the British Columbia Supreme Court under Part 9, Division 5 of the Business Corporations Act (British Columbia) on March 9, 2018. Further information regarding the Arrangement can be found on EVI’s SEDAR profile at www.sedar.com. Under the Arrangement, the effective date for the Arrangement can be set separately as between EVI and each of the other parties to the Arrangement. Pursuant to the Arrangement, the effective date for the Arrangement as between EVI and the Company was set for October 3, 2018.
The Company was incorporated on November 28, 2017 and its fiscal year end is October 31st. On August 13, 2018 the Company changed its name from “Quri-Mayu Ventures Ltd.” to “Quri-Mayu Developments Ltd.”
For further information please contact:
Ron Miles, CEO & Director E-mail: [email protected]
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.