Routemaster Capital acquisition of DeFi interest
Routemaster Capital acquisition of DeFi interest
Routemaster Capital Inc (C:RM)
Shares Issued 83,322,027
Last Close 12/10/2020 $0.25
Thursday December 10 2020 - Acquisition
The TSX Venture Exchange has accepted for filing documentation relating to a share exchange agreement dated Nov. 19, 2020, between Routemaster Capital Inc., DeFi Holdings Inc. and arm's-length shareholders of DeFi. Pursuant to the agreement, the company will acquire from the vendors a 49-per-cent interest in DeFi, a British Columbia-based company focused on investing, incubating and managing trading technologies.
As consideration for the agreement, the $1.1-million purchase price will be satisfied via the issuance of 20 million common shares of the company to the vendor at a deemed value of 5.5 cents per share.
For further details, please refer to the company's news releases dated Oct. 6, 2020, and Nov. 18, 2020.
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