On October 30, 2018, Amador Gold Corp. (“Amador”), a TSX Venture Exchange listed British Columbia company, completed a reverse takeover with Menē Inc. (“Menē”), a private Ontario company, by way of three cornered amalgamation (the “Amalgamation”) with a wholly-owned subsidiary of Amador (“Amalco”). Subsequent to the Amalgamation, Amador continued from British Columbia into Ontario, vertically amalgamated with Amalco and changed its name to “Menē Inc.” (the “Corporation”). Pursuant to the Amalgamation, Class A and B common shares of Menē were exchanged for Class A common (“Class A Shares”) and Class B common (“Class B Shares”) shares of the Corporation, respectively, at a 1:1 ratio. Common shares of Amador were exchanged for Class B Shares. Class A Shares entitle the holders thereof to twenty votes per share and Class B Shares entitle the holders thereof to one vote per share. Menē’s superior voting common share purchase warrants were exchanged for Class A Share purchase warrants, Menē’s subordinate warrants were exchanged for Class B Share purchase warrants and Menē’s options were exchanged for options exercisable into Class B Shares, all on a 1:1 basis.
The Class B Shares were listed on the TSX Venture Exchange on November 6, 2018.
The Corporation is a jewelry company that sells 24 karat gold and platinum “Investment JewelryTM” direct to consumers through an online platform at www.mene.com. Through this online platform, customers can buy jewelry, monitor the value of their collection over time and sell or exchange pieces by gram weight at the market prices for gold and platinum.
Cassels Brock acted for Amador with a team comprised of Darrell Podowski and David Hansford (Securities).