Wikileaf Technologies to Change Name to Cashbox Ventures Ltd.
Wikileaf Technologies to Change Name to Cashbox Ventures Ltd.
VANCOUVER, B.C., October 28, 2021 – Wikileaf Technologies Inc. (the “Company”) (CSE: WIKI) is
pleased to announce its name change from “Wikileaf Technologies Inc.” to “Cashbox Ventures Ltd.” (the
“Name Change”). The Company expects the name change and a change of its ticker symbol to occur on
November 3, 2021. The common shares of the Company will continue to trade on the Canadian Securities
Exchange under its new trading symbol, CBOX, commencing at market open on November 3, 2021. The
Company's new CUSIP is 14756M108 and its new ISIN is CA14756M1086.
Completion of the Name Change is subject to the receipt of all required regulatory approvals. Pursuant to
the provisions of the Business Corporations Act (British Columbia) and the articles of the Company,
shareholder approval for the Name Change is not required, and consequently, the Company is not seeking
shareholder approval for the Name Change. Shareholders of the Company are not required to exchange
their existing share certificates for new certificates bearing the Company's new name. The Name Change
does not affect the Company's share structure or the rights of the Company's shareholders, and no further
action is required by existing shareholders.
In addition to the Name Change, the Company is pleased to announce that on October 28th, 2021 (the
“Closing Date”), it entered into a secured promissory note (the “Note”) with MMCAP International Inc.
SPC (“MMCAP”) for a loan in the amount of $700,000 (the “Loan”). The Note sets out, among other
things, that the Loan is repayable within six months from the date on which it was granted, and that the
Loan will be subject to an interest rate of 7% per annum until full and final repayment of the Loan.
As consideration for providing the Note, the Company issued to MMCAP 1,500,000 warrants to purchase
common shares of the Company (the “Bonus Warrants”). Each Bonus Warrant will be exercisable for one
common share of the Company at an exercise price of $0.06 for a period of three years from the date of
issuance. The Bonus Warrants will be subject to a four month hold in accordance with applicable Canadian
securities laws.
The Note and the issuance of the Bonus Warrants each constituted a "related party transaction" under
Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-
101") as MMCAP is a related party (as defined in MI 61-101) of the Company. The Company relied on the
exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101
contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party matters, as the Company
is listed on the CSE and neither the fair market value (as determined under MI 61-101) of the subject matter
of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties,
exceeded 25% of the Company's market capitalization (as determined under MI 61-101).
About Wikileaf Technologies Inc. (to be renamed Cashbox Ventures Ltd.)
The Company recently divested all of its online platform assets. The business activities of the Company is
expected to include the search and evaluation of new investment opportunities along with consideration of
other strategic alternatives.
Contact Information
+1 (236) 547 7463
This news release contains forward-looking statements relating to product development, plans, strategies
and other statements that are not historical facts. Forward-looking statements are often identified by terms
such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than
statements of historical fact, included in this release are forward-looking statements that involve risks and
uncertainties. Forward-looking information in this news release includes, but is not limited to, statements
in respect of the Note and Change of Name. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from the Company’s
expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other
risks detailed from time to time in the filings made by the Company with securities regulations. The reader
is cautioned that assumptions used in the preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a
result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond
the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by management at the time of preparation,
may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified by this cautionary statement. The forward-
looking statements contained in this news release are made as of the date of this news release and the
Company will update or revise publicly any of the included forward-looking statements as expressly
required by applicable law.