CLV.P Canoe Mining Ventures Corp

Chudleigh Ventures Inc. ("Chudleigh", or the "Company") (TSX VENTURE:CLV.P) is
pleased to announce that the TSX Venture Exchange (the "Exchange") has issued a
final exchange bulletin confirming the completion of its Qualifying Transaction
(the "QT") involving the acquisition of all of the issued and outstanding
securities of Sweet Diabetic Delight Foods Inc., doing business as Xylitol
Canada ("Xylitol Canada"). The closing of the QT was announced by press release
on April 22, 2010.


It is expected that the shares of Chudleigh will recommence trading on the
Exchange on May 6, 2010 under the stock symbol "XYL". The new symbol will only
become active on the day that trading recommences. The Company intends to change
its name to "Xylitol Canada Inc." after its next annual meeting of shareholders.
A Filing Statement dated March 30, 2010 describing the QT and the business of
the resulting issuer is available under the Company's profile at www.sedar.com.


The Filing Statement had described an intended shares for debt transaction
pursuant to which Andrew Reid would convert $250,000 of debt owed to him by
Xylitol Canada into an aggregate of 1 million common shares of the Company upon
closing of the QT. This shares for debt transaction was modified such that upon
closing only $45,000 of debt was converted for 180,000 common shares of the
Company. The following securities were issued in connection with the QT: (i)
37,380,000 common shares and 340,000 incentive stock options (having an exercise
price of $0.25 and expiring on January 31, 2014) for the acquisition of Xylitol
Canada; (ii) 18,040,000 common shares and 9,020,000 share purchase warrants
(each entitling the holder to acquire one common share at an exercise price of
$0.40 until April 22, 2012) for the concurrent private placement; and (iii) an
aggregate of 2.8 million incentive options to directors and officers of the
resulting issuer (each with an exercise price of $0.25 and expiring on April 22,
2014).


The Company's goal is to become a North American-based, low cost, high quality
manufacturer of food and pharmaceutical-grade xylitol from readily available
environmentally-sustainable biomass. Xylitol is an all natural sweetener, which
contains 40% less calories than sugar.

Canoe Mining Ventures Corp (TSXV:CLV.P)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024

Canoe Mining Ventures Corp (TSXV:CLV.P)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024