Cliffside Capital (TSE:CEP) has released an update.
Cliffside Capital Ltd. shareholders have given their overwhelming support for an acquisition arrangement with Cliffside Ltd., with the arrangement receiving near-unanimous approval at a recent meeting. The approved deal will see the purchaser acquiring all outstanding common shares of Cliffside Capital at $0.10 each, with certain shareholders having the option to receive shares in the purchaser’s capital instead. Additionally, the election of directors and auditors was confirmed, and the company’s stock option plan received approval.
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