Idle Lifestyle Inc.
The Exchange has determined that Idle Lifestyle Inc. (the “Issuer”) has not met the continued listing requirements as set out in CSE Policy 2, Appendix A section 2.9.
Pursuant to Policy 6 section 2.4, the Issuer may not rely on confidential price protection, nor may the Issuer complete any financing without prior Exchange approval.
Investor Note: In addition to the 33,620,286 Subordinate Voting Shares that are listed and trading, there are 109,145,850 shares issued and outstanding but not listed. The total number of equity shares assuming all are converted into the listed class would be 142,766,136.
Idle Lifestyle Inc. (IDLE.X)
le 27 juillet/July 2022
Idle Lifestyle Inc. has announced that its Board of Directors has declared the payment of a special dividend, and approved the return of capital, to shareholders of its listed Subordinate Voting Shares (“SVS”) and unlisted Multiple Voting Shares (“MVS”). Shareholders will receive CAD$0.41 per each SVS held, being $0.215 in connection with the return of capital, and $0.195 in connection with the dividend payment.