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California approves AgJunction and Novariant mergerqrcode

Sep. 1, 2015

Favorites Print Sep. 1, 2015

On August 27, 2015, the California Department of Business Oversight (the “DBO”) convened a fairness hearing to review the proposed merger between AgJunction Inc. (“AgJunction”) and Novariant, Inc. (“Novariant”) previously announced on March 16, 2015. Following the hearing, the DBO determined that the terms and conditions of the transaction are fair to the stockholders of Novariant and issued a permit to AgJunction to issue the securities described in the application filed with the DBO on June 12, 2015 as exempt securities under Section 3(a)(10) of the Securities Act of 1933, as amended. As a result, AgJunction will not be required to register such shares with the Securities and Exchange Commission prior to their issuance as merger consideration. The proposed merger remains subject to the approval of the stockholders of Novariant, the approval by AgJunction’s shareholders of the issuance of AgJunction common shares pursuant to the merger, and the satisfaction of certain other customary closing conditions.

About AgJunction

AgJunction provides innovative hardware and software applications for precision agriculture worldwide. AgJunction holds numerous patents and markets its products and services under leading brand names including Outback Guidance® and Satloc®. AgJunction supports advanced farming practices and enables seamless data connectivity among growers and their agricultural service providers. Headquartered in Hiawatha, Kansas, AgJunction has facilities in Arizona, Pennsylvania, Winnipeg, and Queensland, Australia. AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol "AJX".

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Source: AgJunction

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