IM Cannabis Corp. (formerly Navasota Resources) Announces Closing of Reverse Takeover Transaction
Toronto, Ontario--(Newsfile Corp. - October 11, 2019) - IM Cannabis Corp. (formerly Navasota Resources Inc.) (the "Company") is pleased to announce the closing of its previously announced reverse takeover transaction (the "RTO Transaction") with I.M.C. Holdings Ltd. ("IMC"). The RTO Transaction was effected by way of a "triangular merger" between the Company, IMC and a wholly-owned subsidiary of the Company pursuant to Israeli statutory law. IMC is an international medical cannabis company, and a well-known Israeli brand of medical...
2019-10-11 5:11 PM EDT
IM Cannabis Corp. (formerly Navasota Resources) Announces Closing of Additional Tranche of Financing
Toronto, Ontario--(Newsfile Corp. - October 9, 2019) - IM Cannabis Corp. (formerly Navasota Resources Inc.) (the "Company") is pleased to announce that, in connection with its previously announced reverse take-over transaction with IMC Holdings Ltd.,(the "Transaction"), the Company has closed a second tranche of a previously announced private placement offering (the "Financing") of subscription receipts (each a "Subscription Receipt") of a wholly owned subsidiary of the Company ("Finco"). An aggregate of 412,201 Subscription Receipts were issued and sold on a...
2019-10-09 5:23 PM EDT
IM Cannabis Corp. (formerly Navasota Resources) Announces Conditional Listing Approval on the CSE
Toronto, Ontario--(Newsfile Corp. - October 8, 2019) - IM Cannabis Corp. (formerly Navasota Resources Inc.) (the "Company") is pleased to announce that it has received conditional listing approval to list the common shares of the Company ("Common Shares") on the Canadian Securities Exchange (the "CSE"). The listing is subject to the Company fulfilling certain requirements of the CSE in accordance with the terms of its conditional approval letter including the completion of its previously announced reverse take-over transaction with IMC...
2019-10-08 8:36 PM EDT
Navasota and IMC Announce Consolidation and Name Change of Navasota
Toronto, Ontario--(Newsfile Corp. - October 4, 2019) - Navasota Resources Inc. ("Navasota") and I.M.C. Holdings Ltd. ("IMC") are pleased to announce that, in anticipation of the closing of their previously announced business combination that will, subject to the satisfaction of certain conditions and applicable shareholder and regulatory approvals, result in a reverse takeover of Navasota by IMC (the "RTO Transaction"), Navasota has effected a change of its name to "IM Cannabis Corp." and consolidated its issued and outstanding common shares...
2019-10-04 4:04 PM EDT
Navasota and IMC Announce Signing of Amended and Restated Definitive Agreement and Private Placement of Approximately $20,000,000
Toronto, Ontario--(Newsfile Corp. - September 3, 2019) - Navasota Resources Inc. ("Navasota") and I.M.C. Holdings Ltd. ("IMC") are pleased to announce the execution of an amended and restated definitive business combination agreement (the "Amended Combination Agreement") which, subject to certain conditions and applicable shareholder and regulatory approvals, will result in a reverse takeover of Navasota by IMC (the "Proposed Transaction"). The resulting issuer from the Proposed Transaction (the "Resulting Issuer") will change its business from mining to the medical cannabis...
2019-09-03 7:30 AM EDT
Navasota Announces Changes to Board
Toronto, Ontario--(Newsfile Corp. - October 12, 2018) - Navasota Resources Inc. (the "Company") announces that, effective immediately, Michael Lerner has resigned as director and Chief Executive Officer of the Company and Steven Mintz has been appointed to fill the vacancy created by Mr. Lerner's resignation. The Company wishes to thank Mr. Lerner for his valuable contributions and wishes him every success in his future endeavors.Mr. Mintz, a graduate of the University of Toronto, went into public accounting for a...
2018-10-12 10:34 AM EDT
Navasota Resources Announces Change of Directors
Toronto, Ontario--(Newsfile Corp. - July 31, 2018) - Navasota Resources Inc. (the "Company") would like to announce that Tim Towers has resigned as director of the Company and he has been replaced by Balu Gopalakrishnan, effective immediately. The Company wishes to thank Mr. Towers for his service.Mr. Gopalakrishnan is a Chartered Accountant with significant public company experience, including more than six years with XCEED Mortgage Corporation, where he gained significant experience preparing the company's annual and quarterly consolidated financial statements,...
2018-07-31 6:17 PM EDT
Navasota Resources Announces Closing of Debt Settlement
Toronto, Ontario--(Newsfile Corp. - June 26, 2018) - Navasota Resources Inc. (the "Company") is pleased to announce the completion yesterday of its previously announced debt settlement (the "Debt Settlement") with certain arm's length and non-arm's length creditors (the "Creditors"). Pursuant to the Debt Settlement, the Company settled indebtedness of $285,633 through the issuance of 5,712,660 common shares ("Debt Shares") at a deemed price of $0.05 per Debt Share. The Debt Shares issued pursuant to the Debt Settlement are subject to...
2018-06-26 1:16 PM EDT
Navasota Announces Letter of Intent for Reverse Takeover Transaction with I.M.C. Holdings Ltd.
Toronto, Ontario--(Newsfile Corp. - June 25, 2018) - Navasota Resources Inc. ("Navasota" or the "Company") is pleased to announce that it has entered into a letter of intent (the "LOI") dated June 25, 2018, with Israel-based I.M.C. Holdings Ltd. ("IMC") whereby the parties will complete a business combination by way of a transaction that will constitute a reverse takeover of the Company by IMC (the "Transaction"). It is currently anticipated that the Transaction will be effected by way of a...
2018-06-25 6:49 PM EDT
Navasota Resources Announces Consolidation and Closing of Debt Settlement
Toronto, Ontario--(Newsfile Corp. - June 22, 2018) - Navasota Resources Inc. (the "Company") is pleased to announce that, effective as of June 19, 2018, the Company has completed its previously announced share consolidation (the "Consolidation"). Pursuant to the Consolidation, the Company's outstanding common shares were consolidated on the basis of one post-consolidation common share (each, a "Post-Consolidation Common Share") for each five pre-consolidation common shares. Following the Consolidation, there are an aggregate of 4,066,106 Post-Consolidation Common Shares issued and outstanding.On...
2018-06-22 5:33 PM EDT
Navasota Resources Announces Delisting from TSXV
Toronto, Ontario--(Newsfile Corp. - June 20, 2018) - Navasota Resources Inc. (the "Company") announced today that it has received the requisite shareholder approval for the voluntarily delisting of its common shares from the NEX board of the TSX Venture Exchange (the "Exchange"). The Exchange has issued a bulletin approving such delisting and has advised that as at the close of trading on June 18, 2018, the Company's common shares will no longer be listed on the Exchange. Subsequent to June...
2018-06-20 10:00 PM EDT
Navasota Resources Announces Proposed Debt Conversion
Toronto, Ontario--(Newsfile Corp. - April 23, 2018) - Navasota Resources Inc. (TSXV: NAV.H) (the "Company") is pleased to announce that that it has entered into agreements to satisfy outstanding indebtedness owed to certain arm's length and non-arm's length creditors (the "Creditors') through the issuance of common shares of the Company (the "Debt Settlement"). Pursuant to such agreements, the Company intends to consolidate (the "Consolidation") its outstanding common shares on the basis of one post-consolidation common share for each five pre-consolidation...
2018-04-23 8:04 AM EDT
Navasota Resources Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - April 13, 2018) - Navasota Resources Inc. (TSXV: NAV.H) (the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement of 10,000,000 units (the "Units") at a price of CAD $0.01 per Unit for aggregate gross proceeds of CAD $100,000 (the "Offering"). Each Unit consists of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the...
2018-04-13 2:44 PM EDT
IIROC Trade Halt - Navasota Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2015) - The following issues have been halted by IIROC: Company:
2015-08-14 8:04 AM EDT