TORONTO, Jan. 19, 2015 /CNW/ -Asher Resources Corporation ("Asher" or the "Company") announced today that it has entered into an amalgamation agreement with 2500527 Ontario Ltd., a wholly-owned subsidiary of Asher ("Asher Subco"), and Drone Delivery Canada Inc. ("DDC") dated January 19, 2016 providing for, subject to the completion of satisfactory due diligence by both parties and other conditions, the acquisition by Asher of all of the issued and outstanding common shares of DDC (the "Transaction"), pursuant to which Asher Subco and DDC will amalgamate and the outstanding securities of DDC will be exchanged, on a one-for-one basis, for securities of the Company.
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TORONTO, Jan. 19, 2015 /CNW/ -Asher Resources Corporation ("Asher" or the "Company") announced today that it has entered into an amalgamation agreement with 2500527 Ontario Ltd., a wholly-owned subsidiary of Asher ("Asher Subco"), and Drone Delivery Canada Inc. ("DDC") dated January 19, 2016 providing for, subject to the completion of satisfactory due diligence by both parties and other conditions, the acquisition by Asher of all of the issued and outstanding common shares of DDC (the "Transaction"), pursuant to which Asher Subco and DDC will amalgamate and the outstanding securities of DDC will be exchanged, on a one-for-one basis, for securities of the Company.
Full Article Here: www.newswire.ca