Wolf Acquisition Corp. Announces Proposed Changes in Accordance with New CPC Policy
Pursuant to the New CPC Policy, in order for the Company to align certain of its policies with the New CPC Policy, it is required to obtain the approval of disinterested shareholders of the Company ("Disinterested Shareholders").
- Pursuant to the New CPC Policy, in order for the Company to align certain of its policies with the New CPC Policy, it is required to obtain the approval of disinterested shareholders of the Company ("Disinterested Shareholders").
- Under the Exchange's Policy 2.4 - Capital Pool Companies (as at June 14, 2010) (the "Former CPC Policy") there were certain consequences if a QT is not completed within 24 months of the Listing Date.
- The New CPC Policy has removed these consequences assuming Disinterested Shareholder approval is obtained.
- Under the New CPC Policy, if approved by Disinterested Shareholders at the Meeting, all escrowed securities of the Company will be released from escrow in accordance with the following schedule: