Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sylvain Tremblay was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sylvain Tremblay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Aug 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sylvain Tremblay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jun 03
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sylvain Tremblay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • May 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sylvain Tremblay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sylvain Tremblay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Jul 14
Terranueva Corporation announced that it has received CAD 2.95 million in funding Terranueva Corporation announced a non-brokered private placement of second rank convertible debentures for an aggregate gross principal amount of CAD 2,950,000 on July 13, 2022. The convertible debentures bearing an interest rate of 5% per annum. The principal amount and interest are payable in five years, namely at the maturity of July 12, 2027, and the principal amount is convertible at any time until July 13, 2025, at the option of the holder, into voting common shares of the share capital of company at a conversion price of CAD 0.08 per Common share. The debentures will be secured by a second rank hypothec on the universality of the Corporation's movable property. The debentures and the underlying Common Shares are subject to a mandatory holding period of four months and one day from the closing. The whole is subject to applicable regulatory approvals. An officer and controlling shareholder of the Corporation subscribed, directly and indirectly, for an aggregate principal amount of CAD 2,315,750 convertible into up to a potential of 28,946,875 Common Shares. Its current holding on a non-diluted basis remains unchanged at 26.92% while its holding on a partially diluted basis currently of 42.47% will increase by 13.95% following the conversion of the total gross principal amount of the transaction. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sylvain Tremblay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Apr 15
Terranueva Corporation Approves Appointment of Marianne Fortier-Landry as Director Terranueva Corporation at its annual and special meeting of shareholders held on April 14, 2022 approved appointment of Marianne Fortier-Landry as director. Tillkännagivande • Feb 18
Terranueva Corporation, Annual General Meeting, Apr 14, 2022 Terranueva Corporation, Annual General Meeting, Apr 14, 2022. Tillkännagivande • Mar 24
Terranueva Corporation announced that it has received CAD 1.05 million in funding Terranueva Corporation (CNSX:TEQ) announced a non-brokered private placement of 13,125,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 1,050,000 on March 22, 2021. Each unit consists of one common share and one warrant. Each whole warrant entitles the holder thereof to purchase, for a period of 60 months from the closing date, one common share at a price of CAD 0.15 per common share. Each unit, common share, warrant and warrant share issued will be subject to a hold period of four months and one day. New shareholders participated for more than 20% of the company's share capital, subject to regulatory approvals. Officers of company purchased a total of 625,000 units for a total consideration of CAD 50,000 which represents 4.76% of the private placement and having increased their shareholding in the company from 0% to 1.37%. Tillkännagivande • Jul 17
LSL Laboratory Inc. cancelled the acquisition of Terranueva Corporation (CNSX:TEQ) in a reverse merger transaction. LSL Laboratory Inc. reached a preliminary agreement to acquire Terranueva Corporation (CNSX:TEQ) in a reverse merger transaction on March 26, 2020. The transaction is structured as Terranueva acquiring all the outstanding securities of LSL Laboratory, in exchange for 43,089,000 shares of Terranueva after a two for one consolidation. Pursuant to the current terms of the preliminary purchase agreement and subject to the satisfaction of all other conditions, Terranueva's Management as well as its principal founding shareholders (53.32 % of issued and outstanding shares) have agreed to favorably support the exchange of shares transaction and will submit special resolutions to the shareholders of Terranueva for the approval of the transaction. The transaction is subject to a number of usual market conditions precedent, including due diligence conditions, the approval of Terranueva's shareholders and the receipt of necessary regulatory approvals. The transaction has received consent of the two main creditors of Terranueva. The proposed transaction and consolidation must be completed for the third quarter ending June 30, 2020 of Terranueva’s financial year or in the first half of the fourth quarter. Seguin Racine acted as legal advisor in the transaction.
LSL Laboratory Inc. cancelled the acquisition of Terranueva Corporation (CNSX:TEQ) in a reverse merger transaction on July 15, 2020. 