Client work
Dr. Phone Fix Canada Corporation completes Qualifying Transaction
On March 5, 2025, Dr. Phone Fix Canada Corporation (formerly Auka Capital Corp. ("Auka")) ("DPF") (TSXV: DPF) successfully completed its qualifying transaction, in accordance with the TSX Venture Exchange Policy 2.4 – Capital Pool Companies (the "Transaction"). The Transaction was completed pursuant to the terms of an amended and restated business combination agreement dated November 7, 2024 between Auka and Dr. Phone Fix Canada Limited ("DPF Ltd.").
In connection with the Transaction, DPF Ltd. completed a brokered private placement of subscription receipts of DPF Ltd. ("Subscription Receipts"), at a price per Subscription Receipt of $1.37, resulting in the issuance of an aggregate of 2,216,063 Subscription Receipts for aggregate gross proceeds of approximately $3,036,000
The Transaction was completed by way of three-cornered amalgamation whereby Auka and 2629911 Alberta Inc., a wholly-owned subsidiary of Auka, amalgamated under the laws of the Province of Alberta (the "Amalgamation"). Immediately following the completion of the Amalgamation, Auka changed its name from "Auka Capital Corp." to "Dr. Phone Fix Canada Corporation".
Gowling WLG was counsel to DPF in this transaction with a team that included Frank Sur, Andrew Wong, Andrew Miles and Evan Matthews.
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