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BIG DEAL: Freckle Ltd. completes reverse takeover transaction and starts trading on the TSX Venture Exchange

Jun 26, 2019

Logo - Freckle I.o.T

Freckle Ltd. (formerly Knol Resources Corp.) (the “Company”) (TSXV: FRKL), a global leader in multi-touch, offline advertising attribution used by Fortune 500 brands, completed its reverse takeover transaction (the “RTO”) with Freckle I.O.T. Ltd. (“Freckle”) by way of a three​-cornered amalgamation. Prior to completion of the RTO, the Company completed a brokered private placement of subscription receipts for aggregate gross proceeds of $6.529 ​million (the “Offering”). The Offering was led by GMP Securities Inc. and PI Financial Corp., and included Haywood Securities Inc. and Canaccord Genuity Corp.

In connection with the RTO, the Company continued to Ontario, changed its name to Freckle Ltd., consolidated its class A common shares (the “Shares”) on the basis of one post-consolidation share for each 2.2278588 pre-consolidation shares and filed its filing statement on SEDAR.

The Shares of the Company commenced trading on the TSX Venture Exchange under the symbol “FRKL” on June 19, 2019.

Minden Gross LLP acted for Freckle in connection with the RTO and the Offering, with a team led by Andrew Elbaz (Partner, Securities and Capital Markets), Alexander Katznelson (Associate, Securities and Capital Markets), and Jessica Thrower (Associate, Business Law).

Profile Photo: Andrew Elbaz - Securities and Capital Markets Lawyer Image: Alexander Katznelson, Business Law Lawyer Profile Image: Jessica Thrower - Business Law Lawyer