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Leni Gas Cuba set to begin new life in Canada as LGC Capital

It comes after various shareholder approvals and a court sanction for the scheme of arrangement.

Cuban taxi against backdrop of hoarding
Leni Gas Cuba is focused in making investments in Cuba

The metamorphosis of Leni Gas Cuba Limited (ISDX:CUBA) into Toronto-listed  LGC Capital Limited after a reverse takeover is practically complete.

Today (July 12 )  it is expected that the scheme of arrangement with Canadian listed Knowlton Capital Inc (CVE: KWC-H) will become effective after yesterday (July 11) was the final day of dealings on ISDX by Leni.

It comes after various shareholder approvals and a court sanction for the scheme of arrangement.

The newly formed firm - LGC Capital -  will be listed on the TSX Venture Exchange as a Tier 2 investment company under the stock symbol QBA and trading is  earmarked to commence on or around July 20 although this date is yet to be determined and announced by the Canadian exchange.

Until then, shares of Knowlton will continue to trade under the stock symbol KWC-H, Leni Gas Cuba said today.

Forthcoming news from  LGC Capital will be disseminated  via the media outlets that access the Canadian stock market.

In April this year Leni Gas Cuba had said: "The proposed takeover by Knowlton of the company, could deliver significant short and long term benefits to LGC shareholders, by providing greater access to the very significant North American capital markets, where there has always be considerable investment interest in Cuba through tourism, business and Government to Government relations."

Quick facts: LGC Capital Ltd

Price: - CAD

Market: TSX-V
Market Cap: -

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