Mr. Carl Sheppard reports
DUCKWORTH CAPITAL CORP. AND GOLDSPOT DISCOVERIES INC. ANNOUNCE TSXV CONDITIONAL APPROVAL AND FILING OF FILING STATEMENT
Duckworth Capital Corp. has received conditional approval from the TSX Venture Exchange for its previously announced qualifying transaction (as defined under TSX-V Policy 2.4) with Goldspot Discoveries Inc., whereby Duckworth Capital will acquire all of the securities of Goldspot Discoveries by way of a three-cornered amalgamation, pursuant to the laws of Canada. Duckworth Capital will change its name to Goldspot Discoveries Corp., and the directors and management of Goldspot Discoveries will become the directors and management of the resulting issuer upon completion of the qualifying transaction. Duckworth Capital and Goldspot Discoveries are also pleased to announce that Duckworth Capital has filed its filing statement dated Oct. 30, 2018, with respect to the transaction. For further details with respect to the transaction, please see the filing statement, which is available under Duckworth Capital’s profile on SEDAR.
Assuming all conditions for closing are satisfied, it is expected that the transaction will be completed on or around Nov. 15, 2018. On Oct. 12, 2018, Duckworth Capital received the approvals required from its shareholders to consolidate its common shares on a one-new-for-two-old basis, change its name to Goldspot Discoveries Corp. and elect the directors of Goldspot Discoveries in connection with the transaction. Goldspot received the approvals required from its shareholders to complete the transaction on Sept. 7, 2018.