Imex Systems, Inc. agreed to acquire Ba Ba Capital Inc in a reverse merger transaction.
Ba Ba has called a shareholder meeting for March 14, 2016 at which shareholders will be asked to approve, among other things, the consolidation, the change of the Corporation's name to "Imex Systems Inc.", and a new stock option plan. Completion of the transaction is subject to a number of conditions, including, TSXV shall have provided conditional approval for the transactions and the listing of the Ba Ba Shares, including the consideration shares and the Ba Ba shares issuable upon exercise of the consideration warrants and the consideration finder options and the execution of an escrow agreement with respect to some or all of the consideration securities. The transaction was approved by TSXV. The transaction was approved by the Board of Directors of Imex Systems and The transaction is expected to close no later than April 30, 2016. Rick Moscone of Fogler Rubinoff LLP acted as legal advisor for Imex Systems and Robbie Grossman of McMillan LLP acted as legal advisor and Computershare Trust Company Of Canada acted as the registrar for Ba Ba Capital.