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
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