BBKCF - BIGG Digital Assets Inc. Provides an Update to the Acquisition of TerraZero Technologies Inc. | Benzinga
VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company") (CSE:BIGG, OTCQX:BBKCF, WKN: A2PS9W)) is pleased to announce that TerraZero Technologies Inc. ("TerraZero") has received the requisite approval from its shareholders of a special resolution (the "Special Resolution") to approve the previously-announced amalgamation between TerraZero and a subsidiary of the Company, which will result in BIGG acquiring all of the issued and outstanding common shares ("TZ Common Shares") and preferred shares ("TZ Preferred Shares" and collectively, the "TZ Shares") of TerraZero (not including TZ Shares held by the Company) (the "Transaction"). For more information regarding the terms of the Transaction please see the Company's news release dated August 25, 2023.
The Special Resolution was approved at a special meeting (the "Meeting") of the holders of TZ Shares held at 10:00 a.m. on September 21, 2023. At the Meeting, a total of:
| a) |
| 47,850,539 or 100% of the votes cast at the Meeting by holders of TZ Shares present or represented by proxy were cast in favour of the Special Resolution; |
| b) |
| 42,950,539 or 100% of the votes cast at the Meeting by holders of TZ Common Shares were cast in favour of the Special Resolution; and |
| c) |