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."