Matica Holds Successful Special Meeting on Plan of Arrangement

March 10, 2015 5:38 PM EDT | Source: West Island Brands Inc.

Toronto, Ontario--(Newsfile Corp. - March 10, 2015) - Matica Enterprises Inc. (CSE: MMJ) (FSE: 39N) (OTC: MQPXF) ("Matica" or the "Company") reports on the successful Special Meeting ("SM") which was held today, on March 10, 2014 in Toronto, Ontario. At the SM, the Company received shareholder approval for its proposed plan of arrangement under the Business Corporations Act (British Columbia), involving the four spinoff transactions previously announced on December 16, 2014 and January 6, 2015.

About Matica Enterprises Inc.
Matica has signed a definitive agreement to earn a fifty percent interest in THCD, a Nova Scotia applicant under the MMPR. THCD has received a "Ready To Build" letter from Health Canada and is awaiting the pre-licence inspection to become a Licensed Producer under the MMPR. THCD's operation sits on 35 acres of land in Antigonish, Nova Scotia. Additionally, the Company is currently working towards completing a plan of arrangement (the "Plan of Arrangement"), which will involve the divestiture or spinoff of certain assets into four new subsidiary companies, the record date for which was January 15, 2015. For certainty, subscribers for Units under the Offering will not be eligible to participate in the Paln of Arrangement. Following the Plan of Arrangement, Matica's operations will focus solely on obtaining its MMPR licence for the Nova Scotia based marijuana growing facility. For more information on Matica please visit the website at: www.maticaenterprises.com.

On behalf of the Board of Directors
MATICA ENTERPRISES INC.

Boris Ziger
Boris Ziger, CEO & Chairman

The Company's filings are available for review at www.sedar.com and www.thecse.com.

For further information, please contact Boris Ziger, Chief Executive Officer, at:

Telephone: 416-304-9935
E-mail:
info@maticaenterprises.com
Website:
www.maticaenterprises.com

Cautionary Note Regarding Forward-Looking Statements
Certain information in this press release including the proposed Offering, the proposed Plan of Arrangement and certain other matters may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian Securities Regulators, which filings are available at www.sedar.com and www.thecse.com.

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