Tangelo Games completes arrangement with GoGel Holdings

1 minute read
18 September 2018

On September 18, 2018, Tangelo Games Corp. (TSXV: GEL), a developer of social and mobile gaming for desktop, iOS and Android platforms, announced the completion of the previously announced arrangement transaction pursuant to which GoGel Holdings Inc. acquired all of the issued and outstanding common shares of Tangelo by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario).

Echelon Wealth Partners Inc. (“Echelon”) earlier provided a fairness opinion to the Special Committee of Tangelo to the effect that the consideration payable under the arrangement agreement was fair, from a financial point of view, to the shareholders of Tangelo.

Gowling WLG advised Echelon with respect to this transaction with a team that included Kathleen Ritchie and Andre Poles.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.