On October 20, 2017, Micron Waste Technologies Inc. (the “Company”) (CSE: MWM), formerly Finore Mining Inc. (CSE: FIN), announced that it had completed its previously announced acquisition of Micron Waste Technologies Inc. (“Micron”) having acquired all of the issued and outstanding shares of Micron through a three cornered amalgamation involving a wholly-owned subsidiary of the Company and Micron.
In connection with the transaction, the Company consolidated its common shares on the basis of one post-consolidation share for each two pre-consolidation shares and changed its name to “Micron Waste Technologies Inc.” The Transaction constitutes a “fundamental change” pursuant to Policy 8 – Fundamental Changes and Change of Business of the Canadian Securities Exchange and the Company will carry on the business of Micron.
Micron Waste Technologies Inc. has developed an innovative technology that transforms organic waste into clean water that meets municipal effluent discharge standards on site. The technology is targeted for supermarkets, restaurants and marijuana producers seeking to reduce costs and improve efficiency in the processing of organic waste.
Rory Godinho and Kathy Tang of Miller Thomson advised Micron in this transaction.