SecureCom Mobile Announces Shareholder Approval in Connection with Business Combination

SecureCom Mobile (CSE:SCE) has announced the approval by its shareholders of all matters put before them at the annual and special shareholder meeting held on July 20, 2017.
As quoted in the press release:

Among other things, shareholders have approved the previously announced business combination (the “Transaction“) between SecureCom and DFMMJ Investments Ltd. (“DFMMJ“) pursuant to which SecureCom will continue the business of DFMMJ under the new name “Liberty Health Sciences Inc.” (the “Resulting Issuer“). The Resulting Issuer will hereafter be engaged in the business of the cultivation and harvesting of medical cannabis in certain permitted state jurisdictions in the United States, with its initial focus of operations being in the State of Florida, as further described below.
The Transaction remains subject to the final approval of the Canadian Securities Exchange (the “CSE” or the “Exchange“), which is expected to be received on or about July 24, 2017. It is currently anticipated that trading of the common shares of the Resulting Issuer will commence on or about July 26, 2017 under the ticker symbol “LHS“.
Michael Galloro, Chief Executive Officer of SecureCom comments, “On behalf of all shareholders we are very pleased to have consummated a transaction with an experienced management team in an exciting new industry.”
Summary of the Shareholder Meeting:
As part of the Transaction, the common shares of DFMMJ will be cancelled and former shareholders of DFMMJ will receive one common share of SecureCom for each DFMMJ common share so cancelled (the “Consideration Shares“). The common shares of SecureCom (including the Consideration Shares) have also been consolidated on the basis of three (3) pre-consolidation shares for one (1) post-consolidation SecureCom common share.

Click here to read the full press release.