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Evolution Global Frontier Ventures Corp. and Evergreen Acquisitions Corp. Announces Implementing Plan of Arrangement and Effective Date

Newsfile Corp.
·2 min read

Vancouver, British Columbia--(Newsfile Corp. - October 22, 2021) - EVOLUTION GLOBAL FRONTIER VENTURES CORP. (CSE: EGFV) the "Company" or "EGFV" ) and Evergreen Acquisitions Corp. ("EVERGREEN") is pleased to announce that it will be finalizing and implementing the approved Plan of Arrangement (the "Arrangement") spin-off effective today. As previously announced on the press release issued by EGFV on September 3, 2021; The Company had set the record date as September 9, 2021 for shareholders of record to participate in the share exchange and be issued shares under the Arrangement approved by a final court order on August 31, 2021. The effective date upon completion of the various share exchanges is set separately for each subsidiary pursuant to the Arrangement and EVERGREEN's effective date is set as October 22, 2021.

On September 3rd, 2021, EGFV announced that it would effectively begin on September 10th, 2021 its part of the Arrangement and that the respective subsidiaries would announce their final effective dates upon completion of the final share exchanges and other transfers as required to complete the subsidiaries' portion of the Arrangement.

Upon completion of the Supreme Court of BC and shareholder approved Arrangement and spin out effective today, October 22, 2021, EVERGREEN will become a reporting issuer in BC. The Company's CUSIP is 300152105 and its ISIN is CA3001521051 for its common shares.

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No action is required by shareholders to participate in the share exchange to be credited their respective positions or shares as per the processes under the Arrangement, in their names in their respective accounts (where applicable) or directly into their names via DRS Advices at the transfer agency.

In addition, the new board of EVERGREEN shall be appointed in conjunction with the completion of the EGFV and EVERGREEN portion of the Arrangement.

EVOLUTION GLOBAL FRONTIER VENTURES CORP. & EVERGREEN ACQUISITIONS CORP.

Ron Miles, CEO and Director
email: egfrontierventures@gmail.com

Forward Looking Information: This News Release may contain forward-looking statements including, but not limited to comments regarding the closing of the Transactions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. This is no certainty that the Transactions will be completed on any terms set forth in this News Release or at all or that the matters to be considered at any shareholders meeting will be as described herein. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100604