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Annidis Corporation Completes Vertical Short-Form Amalgamation with Wholly-Owned Subsidiary

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Thursday, January 2, 2014

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OTTAWA, Jan. 2, 2014 /CNW/ - Annidis Corporation (TSX Venture: RHA) ("Annidis" or the "Corporation"), creator of the Annidis RHA™, is pleased to announce that effective January 1, 2014 it has completed a vertical short-form amalgamation pursuant to the Business Corporations Act ( Ontario ) with its wholly owned operating subsidiary Annidis Health Systems Corp. ("AHSC"). Pursuant to the amalgamation, all of the issued and outstanding shares of AHSC will be cancelled and the assets, obligations and liabilities of AHSC will be assumed by Annidis. No securities of Annidis will be issued in connection with the amalgamation and the share capital of the Annidis will remain unchanged. The amalgamation of Annidis and AHSC has been undertaken in order to simplify the corporate structure of Annidis and to reduce administrative costs. The amalgamation will not have any significant effect on the business and operations of Annidis.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Annidis Corporation

  • Investment & Company Information
  • Finance

Contact:

Gerald Slemko,
Chief Executive Officer
Annidis Corporation
(519) 858-1582 ext. 239
geralds@annidis.com

Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-995-8651
bpedram@virtusadvisory.com