Leading Brands and Liquid Media Group Announce Closing of Arrangement
LEADING BRANDS (LBIX)
US:NASDAQ Investor Relations:
investors.lb.com
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Leading Brands, Inc. (NASDAQ: LBIX)(“LBIX”) and Liquid Media Group Ltd. ("Liquid") are pleased to announce the closing of the previously announced (see news releases dated September 15, 2017 and January 15, 2018 of LBIX and September 19, 2017 and January 15, 2018 of Liquid) business combination by plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). Pursuant to the Arrangement, Liquid was aquired by and became a wholly-owned subsidiary of LBIX. As part of the Arrangement, on August 10, 2018, LBIX will change its name to “Liquid Media Group Ltd.” and Liquid will change its name to “Liquid Media Group (Canada) Ltd.” In this news release, LBIX post-Arrangement is referred to as the Resulting Issuer. The Arrangement, which was first announced on Sept
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