Avarga Limited Enters into Agreements to Acquire Shares of Taiga Building Products Ltd.

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

VANCOUVER, British Columbia, May 22, 2020 — Avarga Limited announced that on May 22, 2020, it entered into two share purchase agreements to indirectly acquire a total of 2,000,000 common shares (“Common Shares”) of Taiga Building Products Ltd. (“Taiga”), a company with a head office at #800 – 4710 Kingsway, Burnaby, British Columbia, V5H 4M2, at a deemed purchase price of CDN$0.975 per Common Share for an aggregate purchase price of CDN$1,950,000, from two separate third party vendors. Avarga Limited has agreed to acquire the 2,000,000 Common Shares through two private transactions made in reliance on the private agreement exemption set out in section 4.2 of National Instrument 62-104 Take-Over Bids and Issuer Bids. Avarga Limited currently owns, directly or indirectly, or exercises control or direction over 75,708,814 Common Shares, representing approximately 67.9% of the total number of issued and outstanding Common Shares. After the acquisition, Avarga Limited will own, directly or indirectly, or exercise control or direction over, 77,708,814 Common Shares, representing approximately 69.7% of the total number of issued and outstanding Common Shares. This change will represent an increase of approximately 1.8% in the total number of issued and outstanding Common Shares held by Avarga Limited. Avarga Limited’s acquisition is being made for investment purposes. Avarga Limited may, in the future, increase or decrease its beneficial ownership, control or direction over securities of Taiga.

For more information, or to obtain a copy of the subject early warning report, please contact:

Avarga Limited 1 Kim Seng Promenade #13-10 Great World City West Lobby Singapore 237994

Telephone: (65) 6836 5522 Facsimile: (65) 6836 5500