Examples of New Age Farm in a sentence
The Company has completed a private placement in the amount of $500,000 and has settled a portion of the debt between NHS and its former parent, New Age Farm, in exchange for 3,000,000 common shares in the equity of New Age Farm.
Prior to the effective date of the Plan of Arrangement, NHS entered into an agreement with New Age Farm and assumed some of New Age Farm’s accounts payable owing to two related parties and an external consultant.
As of the Share Distribution Record Date, New Age Farm had 105,573,317 common shares issued and outstanding.
The shareholders of New Age Farm approved the Plan of Arrangement during its last annual general and special meeting held on August 31, 2016 and New Age Farm has set the share distribution record date at November 30, 2016 (the “Share Distribution Record Date”).
The New Shares will be identical in every respect to the present New Age Farm Shares.
New Age Farm has paid to the Company a completion payment for its continued and ongoing support of New Age Farm’s strategic plan.
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It is not the date on which the shareholders received shares; New Age Farm Shareholders received their NHS shares in August 2017 with all the required steps in the Arrangement having been completed.
Taking the project circumstances into account, the most relevant barrier that have prevented this project activity from being implemented without the contribution of CDM lies with the Investment Barrier.
These shares will be issued at the same time as the Company’s shares are pushed out the shareholders of New Age Farm Inc.On January 15, 2017, the Company entered into share subscription agreements with one related party and two arms-length parties to subscribe for 7,000,000 units of the Company at $0.05 per unit for gross proceeds of$350,000.