Actionable insights straight to your inbox

Equities logo

TGOD Announces Record Date for Spinout of TGOD Acquisition Corporation

The Green Organic Dutchman Holdings Ltd. wishes to provide further information in relation to the proposed spinout transaction

The Green Organic Dutchman Holdings Ltd. TGOD:CA TGODF wishes to provide further information in relation to the proposed spinout transaction by way of plan of arrangement (the “Arrangement”) announced on July 19, 2018.

As previously announced, pursuant to the Arrangement, the Company will distribute a divided to TGOD shareholders consisting of a warrant (a “Warrant”) in a new corporation (“TGOD Acquisitions”). Each Warrant will entitle the holder to purchase a unit of TGOD Acquisitions, comprised of one common share and one additional warrant of TGOD Acquisitions, at a price of $0.50 per Warrant for a period of 30 days from completion of the Arrangement. The Arrangement will be effected under the terms and conditions of an arrangement agreement to be entered into between the Company and TGOD Acquisitions (the “Arrangement Agreement“).

Subject to execution of the Arrangement Agreement and receipt of requisite corporate, regulatory and court approvals, the record date for distribution of the Warrants (the “Record Date“) is anticipated to be on or about September 28, 2018.

All TGOD shareholders, of record as of the Record Date, will be issued a notice from TGOD’s transfer agent, Computershare Investor Services Inc., with instructions on how to obtain the Warrants they are entitled to under the Arrangement. It is anticipated that TGOD Acquisitions will complete an IPO on the Canadian Securities Exchange in the fourth quarter of 2018.

The Arrangement will require approval by a two-thirds majority of the votes cast by TGOD shareholders at a special meeting of TGOD shareholders expected to take place in September 2018 (the “Special Meeting“). Completion of the Arrangement will also be subject to other closing conditions customary for a transaction of this nature, including requisite corporate, regulatory and court approvals. Full details of the Arrangement will be included in a management information circular of TGOD (the “Circular“) to be prepared in respect of the Special Meeting to approve the Arrangement. TGOD intends to mail the Circular to shareholders in August and will file a copy on SEDAR at

In the interest of full disclosure, we call the reader’s attention to the fact that, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

Copper, base metals, and industrial commodities face bearish technical trends, but the fundamentals remain bullish.