Posted: October 14, 2021 at 8:05 p.m. EDT
TORONTO, October 14, 2021 / PRNewswire / – The Well Told Best Debt Consolidation Company Inc. (formerly Agau Resources, Inc.) (the “Society“) announces today that it has completed its previously announced reverse takeover (the”Transaction“). The Company changed its name to” The Well Told Company Inc. “, and subject to the final version of the TSX Venture Exchange (“TSXV“) approval, trading in the common shares of the Company is expected to commence on the TSX Venture Exchange on or about October 21, 2021 under the symbol “WLCO”.
As part of the Transaction, the Company acquired all of the issued and outstanding securities of the company formerly known as Well Told Inc. (“Well said“) pursuant to a triangular merger whereby (i) Well Told merged with a wholly owned subsidiary of the Company; and (ii) the Company issued 11.36 resulting issuer shares (such as defined below) to former Well Told shareholders in exchange for each Class A, Class B or Class C common share of Well Told (the “Well-told actions“) thus acquired. Pursuant to the Transaction, the Company also filed articles of amendment under which it consolidated its ordinary shares on the basis of one post-consolidation ordinary share (a”Share of the resulting issuer“) for each 81.42 common shares issued and outstanding prior to the consolidation (the”ConsolidationIn addition, a total of 1,998,489 Well Told Subscription Receipts, which were issued under a concurrent Well Told Private Placement, were converted for no additional consideration into a total of 22,702,831 shares. of the resulting issuer and 11,351,397 warrants to acquire the resulting issuer Shares in connection with the closing of the Transaction best debt consolidation company
After the closing of the transaction, the Company has 127,368,332 resulting issuer shares issued and outstanding, of which 4,000,044 resulting issuer shares result from the consolidation of the Company’s shares prior to the transaction, and 123,368,288 resulting issuer shares were issued to former shareholders and securityholders of Bien dit. In addition, the Company has reserved for issuance (i) a total of 12,736,832 resulting issuer shares issuable upon the exercise of stock options granted by Well Told to certain of its directors, employees and consultants, (ii) a total of 13,517,089 resulting issuer shares issuable upon exercise of warrants granted by Well Told, and (iii) a total of 3,278,964 resulting issuer shares be issued upon exercise of compensation warrants granted to brokers or agents within the framework of the transaction.
In accordance with the policies of the TSXV, the Company expects to deposit, on or October 18, 2021, an application for listing on SEDAR at www.sedar.com (the “Subscription request“) giving a more complete description of the Transaction.
After the closing of the Transaction, the Board of Directors of the Company is composed of Monique Ruffo, Simon ashbourne, Dr. Jill shainhouse, Harjot Singh, Linda Sawyer and Sean samson. Mr. Samson has been appointed a director of the Company as of the date hereof by the Board. Director biographies and further information about the Transaction should be included in the Application for Registration.
The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, of securities under United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities law and may not be offered. or sold in United States or to US Persons, unless they are registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-looking information and statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of US Private Securities Litigation. Reform Act. of 1995. These forward-looking information and forward-looking statements are not representative of historical facts or information or the current state of affairs, but only represent the Company’s beliefs regarding future events, plans or objectives, many of which by their nature, are inherently uncertain and beyond the control of the Company. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “Intended”, “believes”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will continue”, “will take place” or “will be achieved.” The forward-looking information and forward-looking statements contained in the this document may include, without limitation, information regarding the Transaction, expectations as to whether the Transaction will be completed, including whether the conditions for the completion of the Transaction will be met, expectations for the effects of the Transaction. Operation or the ability of the resulting Issuer to successfully achieve business objectives, expectations regarding the completion and availability of financing, and expectations regarding other economic, business and / or competitive factors.
Although the Company believes that the assumptions and factors used in the preparation, and the expectations contained in, the forward-looking information and statements are reasonable, you should not place undue reliance on such information and statements, and no assurance or warranty can be taken. be given that this forward-looking information and statements will prove to be correct, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and / or forward-looking statements that are contained or referred to. herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by this notice.
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SOURCE Well Told Inc.
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