Hampton Securities is proud to participate in the Pond Technologies Holdings Inc. (formerly named Ironhorse Oil & Gas Inc.) (the “Corporation“) amalgation. We are pleased to announce that, effective January 30, 2018, the Corporation completed its business combination (the “Transaction“) with Pond Technologies Inc. (“Pond“) by way of a “three-cornered amalgamation.”
As a condition to the completion of the Proposed Transaction, Pond will also complete a brokered private placement of subscription receipts (the “Subscription Receipts”) on a commercially reasonable efforts agency basis for minimum aggregate gross proceeds of $7,000,000 (the”Financing”). Net proceeds are expected to be used to fund the Resulting Issuer’s program to commercialize its technology following completion of the Proposed Transaction and for general corporate purposes. Please see the Pond press release here.