Leading Brands Shareholders Approve Acquisition of Liquid Media Group
24 Julio 2018 - 8:00AM
Leading Brands, Inc. (NASDAQ:LBIX) (the
“
Company” or “
LBIX”), is pleased
to announce the results of its special meeting of shareholders
which was held on July 23, 2018 (the “
Meeting”) to
consider matters proposed in the Company’s Information Circular
dated June 8, 2018 related to the previously announced plan of
arrangement (the “
Arrangement”) involving the
Company and Liquid Media Group Ltd. (“
LMG”).
At the Meeting, LBIX shareholders approved all
the Arrangement resolutions, including the issuance of LBIX common
shares forming the consideration to be paid to acquire LMG.
The Arrangement is expected to close in the
coming weeks, subject to remaining customary closing conditions,
including the receipt of Canadian court approval.
On behalf of the board of directors
“Charles Brezer”
Charles BrezerDirector
Forward Looking Statements
Certain information contained in this press
release includes forward-looking statements, including information
concerning the Arrangement. Words such as "believe", "expect,"
"will," or comparable terms, are intended to identify
forward-looking statements concerning the Company’s expectations,
beliefs, intentions, plans, objectives, future events or
performance and other developments. All forward-looking statements
included in this press release are based on information available
to the Company on the date hereof. Such statements speak only as of
the date hereof. Important factors that could cause actual results
to differ materially from the Company’s estimations and projections
are disclosed in the Company’s securities filings and include, but
are not limited to, the following: general economic conditions,
failure to obtain regulatory or shareholder approval and/or
satisfaction of conditions pursuant to the Arrangement, economic
uncertainties (including currency exchange rates), government
regulation, managing and maintaining growth, the effect of adverse
publicity, litigation, competition and other risk factors described
from time to time in securities reports filed by Leading Brands,
Inc. There can be no assurance that the Arrangement will be
completed as proposed or at all. For all such forward-looking
statements, we claim the safe harbor for forward looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995.
CONTACT:Leading Brands, Inc.Daniel
Cruz778-840-4571Email: info@LBIX.com
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