Mimi’s Rock Corp. (TSXV: MIMI) (“MRC” or the “Corporation”) announces the successful completion of its previously-announced statutory plan of arrangement with FitLife Brands, Inc. (“Parent”) and its wholly-owned subsidiary, 1000374984 Ontario Inc. (the “Purchaser” and, together with the Parent, “FitLife”). The Purchaser acquired all outstanding Common Shares of MRC, making it a wholly-owned subsidiary of FitLife.
FitLife CEO, Dayton Judd, expressed excitement in welcoming Mimi’s Rock to the FitLife family and collaborating with their talented team to drive growth and profitability for their brands.
As per the arrangement, former shareholders of MRC are entitled to receive a cash consideration of $0.17 per Common Share, and all outstanding options to acquire Common Shares have been accelerated and cancelled.
Registered shareholders must complete, sign, and return the letter of transmittal to TSX Trust Company, along with their certificate(s) or DRS advice(s) representing their Common Shares, to receive the Cash Consideration. Common Shares held in the CDSX system will receive the Cash Consideration automatically.
Following the closing of the Arrangement, MRC will apply to delist from the TSX Venture Exchange and terminate its public reporting obligations by submitting an application to the applicable securities regulators.
 has successfully completed a plan of arrangement with FitLife Brands, making it a wholly-owned subsidiary. Former shareholders will receive a cash consideration of $0.17 per common share. FitLife CEO is excited about the collaboration with Mimi's Rock team.){kind=link}