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TORONTO, April 13, 2018 (GLOBE NEWSWIRE) -- Bradmer Pharmaceuticals Inc. (“Bradmer”) (TSX VENTURE:BMR.H), Galaxy Digital LP (“Galaxy Digital”) and First Coin Capital Corp. (“First Coin”) report an update to the terms of the plan of arrangement (the “Arrangement”) and concurrent subscription receipt financing (the “Offering”), both as announced on February 14, 2018.
The Arrangement will constitute a reverse takeover of Bradmer by Galaxy Digital and First Coin pursuant to the policies of the TSX Venture Exchange (the “TSXV”) and the reactivation of the listing of Bradmer, which is currently a NEX-listed issuer.
The parties have submitted initial materials, including a draft management information circular in respect of the proposed Arrangement, to the TSXV. The TSXV is currently in the process of reviewing these materials and its review is ongoing. Bradmer currently intends to hold a meeting of its shareholders on May 17, 2018 to approve the Arrangement and other matters related to the Arrangement and closing of the Arrangement is expected to occur shortly thereafter.
See the press release of Bradmer dated February 14, 2018 for further information concerning the Arrangement and concurrent subscription receipt financing.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Additional Information
For additional information, please contact:
Paul Van Damme, Chief Financial Officer
pvandamme@wdcapital.ca
1.416.847.6905
Fiona Choi, Director of Corporate Communications
fiona@galaxyip.com
1.212.390.9194
Frans Tjallingii, Chief Executive Officer
frans@firstcoin.com
1.604.612.2349