The Delma Group entered into share purchase agreement to acquire Aydon Income Properties Inc. (CNSX:AYD), in a reverse merger transaction, on July 20, 2017. Aydon will issue 490 million Class A shares and 625 million Class B shares to the partners of Delma for all of the issued and outstanding units of Delma. Additionally, all the outstanding options to purchase Aydon shares, pursuant to the stock option plan, will be cancelled upon closing of the transaction. However, the issued and outstanding warrants of Aydon will continue to be in effect with their original terms and conditions and are deemed to be issued as part of the transaction. In connection with the transaction, Aydon will complete a consolidation of the Aydon common shares on the basis of one post consolidated Aydon share for every two hundred pre-consolidation Aydon shares. Upon completion, former shareholders of Delma will hold approximately 98.5% of the outstanding Aydon shares on a non-diluted basis. Prior to closing of the transaction, Aydon will change its name to the Delma Group of Companies Inc. As of November 27, 2017, Aydon intends to change its name to “The Delma Group Inc.” and post-closing, Aydon will continue on with the business of the Delma Group, and with its operating subsidiaries. The Board of Directors of Aydon, upon completion of the transaction, will consist of seven members and will be comprised of current directors including, Hasan al-Shawa, Henri Petit, Joseph Cianci, Hazem al-Shawa, François Castonguay, Terry Badour and Hubert Marleau. The transaction is subject to the receipt of the approval of the shareholders of Aydon, approval of the Canadian Stock Exchange, listing of consideration shares, Aydon having no employees and at the closing having net assets of CAD 2,000, Delma Group and Delma Group subsidiaries having consolidated assets totaling at least CAD 70 million and having combined net assets of at least CAD 50 million and standard closing conditions. As of November 27, 2017, a special meeting of shareholders of Aydon will be held on December 29, 2017 for the purpose of getting approval of the transaction. The Board of Directors of Aydon unanimously recommends that the shareholders approve the transaction. The members of the board and the officers of Aydon holding approximately 10.8 million Aydon shares representing 42.46% of the outstanding Aydon shares intend to vote all of their Aydon shares in favor of the transaction. TSX Trust acted as transfer agent to Aydon. Dale Matheson Carr-Hilton LaBonte LLP acted as accountant to Aydon in the transaction. The Delma Group completed the acquisition of Aydon Income Properties Inc. (CNSX:AYD), in a reverse merger transaction, on January 19, 2018. With the completion of the merger, The Delma Group is listed on the Canadian Securities Exchange under the symbol DLMA. The company will be headed by François Castonguay acting as President.