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BRIEF-Altitude Resources Enters Into Amalgamation Agreement With Vibe Bioscience

Published 2018-10-15, 01:13 p/m
© Reuters.  BRIEF-Altitude Resources Enters Into Amalgamation Agreement With Vibe Bioscience
VIBE
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Oct 15 (Reuters) - Altitude Resources Inc ALI.V :

* ALTITUDE RESOURCES INC. ENTERS INTO AMALGAMATION AGREEMENT WITH VIBE BIOSCIENCE CORPORATION

* ALTITUDE RESOURCES -VIBESHAREHOLDERS OTHER THAN THOSE WHO EXERCISE DISSENT RIGHTS, TO GET 12.04607 SHARES IN CAPITAL OF ALTITUDE FOR EACH VIBE SHARE

* ALTITUDE RESOURCES - WILL BE REQUIRED, AMONG OTHER THINGS, TO CHANGE NAME TO "HYPE BIOSCIENCE CORP.", OR SUCH OTHER NAME

* ALTITUDE RESOURCES INC - UPON COMPLETION FORMER VIBE SHAREHOLDERS WILL HOLD ABOUT 98% OF OUTSTANDING RESULTING ISSUER SHARES

* ALTITUDE RESOURCES - UPON COMPLETION OF PROPOSED DEAL EXISTING ALTITUDE SHAREHOLDERS WILL HOLD ABOUT 26.4 MILLION RESULTING ISSUER SHARES

* ALTITUDE RESOURCES INC - WILL BE REQUIRED TO REPLACE ALL DIRECTORS AND OFFICERS OF CO ON EFFECTIVE DATE WITH NOMINEES OF VIBE

* ALTITUDE RESOURCES INC -DEAL COMPLETION CONDITIONAL ON DISPOSING ALL OF ITS MINING ASSETS AND LIABILITIES, SHARES OF ALTITUDE RESOURCES LTD.

* ALTITUDE RESOURCES INC - VIBE AGREED TO ACQUIRE SOME CONTROLLING EQUITY INTERESTS IN 4 U.S. TARGETS FOR ABOUT US$19 MILLION

* ALTITUDE RESOURCES INC - UPON COMPLETION OF U.S. ACQUISITIONS, VIBE WILL BE A VERTICALLY INTEGRATED CANNABIS COMPANY OPERATING IN UNITED STATES

* ALTITUDE RESOURCES - ANTICIPATED THAT BALANCE OF CO'S MINING BUSINESS WILL BE SOLD TO ENTITY CONTROLLED BY TWO DIRECTORS OF CO

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