Maria Nathanail, Breton Gaunt and Melanie Bowman assisted Carbeeza Ltd. (“Carbeeza”), a private Alberta corporation, in a reverse takeover transaction (the “Transaction”) with HIT Technologies Inc. (the “Company”). In connection with the Transaction, Carbeeza has amalgamated with a wholly-owned subsidiary of the Company, 2330654 Alberta Ltd., pursuant to the terms of a definitive amalgamation agreement dated May 31, 2021 among Carbeeza, the Company and resulting in an amalgamated Alberta corporation, which will be a wholly-owned subsidiary of the Company. Following the completion of the Transaction, the Company anticipates continuing from British Columbia to Alberta under a new name, “Carbeeza Inc.”, as soon as practicable. The Transaction constitutes a reverse take-over of the Company pursuant to the polices of the TSX Venture Exchange (the “Exchange”). The common shares of the Company are expected to recommence trading on the Exchange at the opening of the markets on July 5, 2021 under the new ticker symbol “AUTO”. The Transaction is subject to the final acceptance of the Exchange.
Following completion of the Transaction, the board of directors of the Company has been reconstituted to consist of Sandro Torrieri, Evan Baptie, Niel Hiscox. Alexis Kostis, Maria Nathanail and Ron Hozjan. Management of the Company has also been reconstituted to consist of Sandro Torrieri as President and Chief Executive Officer, Scott Hamilton as Chief Financial Officer, and Breton Gaunt as Corporate Secretary.