TSX Venture Exchange: RBE
VANCOUVER, Oct. 30, 2018 /CNW/ - RockBridge Resources Inc.
("RockBridge" or the "Company" – TSXV symbol: RBE) has set a
Special Meeting of Shareholders to be held on Tuesday, November 13, 2018 (the "Meeting").
The purposes of the Meeting are to consider and approve, if
advisable, resolutions to facilitate the planned business
combination with Harvest Enterprises, Inc., including the
conditional appointment of new directors and auditors and amendment
to the Company share structure. The Meeting also includes a
proposed resolution to approve the sale of the Company's remaining
oil and gas assets, being interests in natural gas wells in the
Clarke Lake area of British
Columbia, to WhiskeyJack Energy Inc., a company controlled
by Steve Mathiesen (a current
director and officer of the Company) and Gary Mathiesen (a current officer of the
Company). The Board of the Company, with Steve Mathiesen having declared his interest and
having abstained from voting, unanimously approved the sale of the
Clarke Lake interests and recommended that shareholders approve the
disposition. Notwithstanding that the disposition is exempt from
the minority approval requirements under Multilateral Instrument
61-101, given that the fair market value of the Clarke Lake
interests is below 25% of the Company's market capitalization, the
Company has decided, in the interest of good governance, to seek
minority approval for the disposition.
RockBridge has now sent out the meeting material to
shareholders, including the Notice of Special Meeting of
Shareholders and Management Information Circular. Copies have been
filed and are available on SEDAR.
ROCKBRIDGE RESOURCES INC.
"Rana Vig"
Rana Vig, CEO
This news release may include statements about expected
future events that are forward-looking in nature and subject to
risks and uncertainties. RockBridge cautions that actual
performance will be affected by a number of factors, many of which
are beyond its control. Future events may vary substantially from
what RockBridge currently anticipates. Discussion on the various
factors that may affect future results is contained in RockBridge's
recent filings, available on SEDAR.
Neither the TSX Venture Exchange Inc. nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy
or accuracy of this news release.
SOURCE RockBridge Resources Inc.