Qualifying Transaction. The Company shall use its best efforts to enter into a Qualifying Transaction with the Person (or Persons) party to the Letter of Interest and to consummate such Qualifying Transaction on or before May 31, 2009.
Qualifying Transaction. On December 30, 2013, the Company signed a non-binding letter of intent with Credent Capital Corp. (“Credent Capital”), a corporation existing under the laws of British Columbia, Canada, which outlines the general terms and conditions pursuant to which the Company and Credent Capital will be willing to complete a transaction that will effectively result in the acquisition by Credent Capital of the shares of the Company, and a reverse take-over of Credent Capital by the shareholders of the Company. HYDRO POWER TECHNOLOGIES INC. FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2019 AND 2018 (Expressed in Canadian Dollars) HYDRO POWER TECHNOLOGIES INC. STATEMENTS OF FINANCIAL POSITION (Expressed in Canadian dollars) AS AT JUNE 30, 2019 AS AT JUNE 30, 2018 ASSETS Current Assets Cash $ — $ — HST Receivable 36,419 36,419 Prepaid expenses and deposits 5,547 5,547 Total Current Assets 41,965 41,965 Non-Current Assets Equipment, net of accumulated depreciation 1,332 2,004 Deferred development costs (Note 4) 1,036,418 1,036,418 TOTAL ASSETS $ 1,079,716 $ 1,080,388 LIABILITIES Current Liabilities Accounts payable and accrued liabilities 191,130 191,130 Shareholder Loan (Note 5) 724,387 724,387 Total Current Liabilities 915,517 915,517 EQUITY Share capital (Note 6) 1,060,505 1,060,505 Share subscriptions receivable (Note 6) (10,505 ) (10,505 ) Deficit (885,801 ) (885,129 ) TOTAL EQUITY 164,199 164,871 TOTAL LIABILITIES AND EQUITY $ 1,079,716 $ 1,080,388 Going Concern (Note 1) On behalf of the Board of Directors: Gxxxx Xxxxxxx - Director Mxxxxxx Xxxxxxx - Director See accompanying notes to the financial statements. HYDRO POWER TECHNOLOGIES INC. STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Expressed in Canadian dollars) Year ended June 30, 2019 2018 Expenses Consulting fees (Note 7) $ — $ — Depreciation 672 672 Foreign exchange (gain) loss — — Insurance — — Office and miscellaneous — 1,167 Professional fees — 16,920 Rent — 4,463 Net Loss and Comprehensive Loss For The Year $ (672 ) $ (23,222 ) See accompanying notes to financial statements. HYDRO POWER TECHNOLOGIES INC. STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED JUNE 30, 2019 AND 2018 (Expressed in Canadian dollars) SHARE CAPITAL NUMBER OF CLASS A COMMON SHARES AMOUNT SHARE SUBSCRIPTIONS RECEIVABLE DEFICIT TOTAL EQUITY Balance at June 30, 2017 106,420,001 $ 1,060,505 $ (10,505 ) $ (861,907 ) $ 188,093 Net loss for the year — — — (23,222 ) (23,222 ) Balance at June 30, 2018 106,420,001 $ 1,060,505 $ (10,505...
Qualifying Transaction. The Xxxxxx Transaction, together with the LCV Transaction, satisfy the requirements of section 10.16(15) of the Exchange Listing Manual.
Qualifying Transaction. Responsibilities of CDNX
Qualifying Transaction. The Col-Care Transaction constitutes the Qualifying Transaction of CGGC as required by, and within the meaning ascribed thereto in, the Exchange Listing Manual.
Qualifying Transaction. The Transaction satisfies the requirements of section 10.16(15) of the NEO Exchange listing manual.
Qualifying Transaction. 11.04 Right(s)............................................ 4.05
Qualifying Transaction. 24 4.27 Affiliates.......................................................................24 4.28
Qualifying Transaction. 44 control..............................45
Qualifying Transaction. A "Qualifying Transaction" is a sale of any equity interest by the Company to a third party that meets the following conditions:
