The Board of PUF Ventures Inc. completed the spin-off of Natures Hemp Corporation.
The plan of arrangement will be subject to approval by the shareholders of PUF Ventures Inc. at a special meeting to be held on August 7, 2018, approval by the Supreme Court of British Columbia, approval by shareholder of Natures Hemp, all other consents, orders, regulations and approvals, including regulatory and judicial approvals and orders, required, necessary or desirable for the completion of the arrangement having been obtained and there not being in force any order or decree restraining or enjoining the consummation of the transactions contemplated by arrangement and the agreement not having been terminated. The Board of PUF Ventures Inc. approved the arrangement. The PUF Board concluded that the arrangement is in the best interests of the company and the PUF shareholders, and unanimously recommends that the PUF shareholders vote for the arrangement resolution at the meeting. On June 29, 2018, Notice of meeting and management information circular was mailed to shareholders for special meeting of PUF shareholders to be held on August 7, 2018. As of August 7, 2018, the transaction was approved by the shareholders of PUF Ventures Inc. The Supreme Court of British Columbia approved the plan of arrangement on August 13, 2018. The share exchange is expected to take place on September 4, 2018. Computershare Investor Services Inc. acted as registrar and transfer agent for PUF Ventures.
The Board of PUF Ventures Inc. (CNSX:PUF) completed the spin-off of Natures Hemp Corporation on August 28, 2018. As a result of completing the arrangement, Natures Hemp became a reporting issuer in the provinces of British Columbia, Alberta and Ontario. As of the effective Date, the Board of Directors of Natures Hemp are Derek Ivany, David Parry and Robert V. Matthews and the officers of Natures Hemp are Derek Ivany, Chief Executive Officer and Sean McGrath, Chief Financial Officer.