Empatho Holdings Inc. completes reverse takeover

December 14, 2021

On December 14, 2021, Empatho Holdings Inc. (formerly, Shane Resources Ltd.) (the “Company”) announced the completion of the business combination with Empath Corp. (“Empatho”) by way of a three-cornered amalgamation. Empatho amalgamated with 13348776 Canada Inc. (“Subco”), a wholly owned subsidiary of the Company, to form an amalgamated entity named Empatho Corp. (“Amalco”) and the securities of Empatho (the “Empatho Shares”) were exchanged for securities of the Company (the “RTO”). The Company also changed its name from “Shane Resources Ltd.” to Empatho Holdings Inc. prior to the closing of the RTO.

The Company has received conditional approval for the listing of the Company Shares on the Canadian Securities Exchange (“CSE”). Subject to final CSE approval, the Company Shares are expected to commence trading on the CSE under the ticker “EMPH” by the end of the year.

The Company is a virtual well-being firm with offices in Toronto and Ottawa, focused on a smart solution powered by proprietary PsychAI™ artificial intelligence (AI), that strategically guides users to achieve well-being goals.

Miller Thomson advised Empatho with the transaction with a team led by Lawrence Wilder (Capital Markets) and comprised of Ian Polisuk, Mark Milanetti, and Ian Park (Capital Markets); Manjit Singh and Neil Gurmukh (Corporate Tax); as well as Bailey Sprout (Student).