Trading in Genovation Capital is halted pending the completion of a fundamental change. Information on the Exchange website will not be updated until the shares requalify for trading. Following completion of the related transactions, and prior to the resumption of trading, the Exchange will issue a bulletin that includes the details of the related consolidation.
Genovation Capital has announced two transactions and a share consolidation. The Transactions with MKHS and Valens as proposed will each constitute a Fundamental Change pursuant to CSE Policy 8, whereby a major acquisition transaction results in a change of control, commonly referred to as a reverse take-over. Effective on July 15, 2016, the Company's Shares will be consolidated, and upon resumption of trading following completion of the proposed acquisition (the “Transaction”) of Valens Agritech Ltd. (“Valens”), will commence trading on the Exchange under a new CUSIP number 372437202 and ISIN CA3724372022. The 33,955,586 Shares currently issued and outstanding will be reduced to approximately. 11,318,529 Shares upon the Consolidation. The Company's name and trading symbol will remain the same.