Iocaste Ventures Inc. ("Iocaste") (TSXV: ICY.P), a capital pool company, and TenX Protocols Inc. (formerly, Layer X Inc.) ("TenX Protocols") have announced they have entered into a business combination agreement which outlines the terms and conditions pursuant to which Iocaste and TenX Protocols will complete a transaction that will result in a reverse takeover of Iocaste by the shareholders of TenX Protocols by way of a three-cornered amalgamation between Iocaste, TenX Protocol, and a wholly-owned subsidiary of Iocaste. TenX Protocols also completed a private placement offering of subscription receipts.
Fasken advised the agents Canaccord Genuity Inc. with a team led by Martin Ferreira Pinho, and included Michael Stephens and Sukhvir Gill.
Jurisdiction
- British Columbia
