Scryb Reports Pima Zinc. Receives Conditional Approval to List on the CSE
TORONTO, Oct. 12, 2022 /PRNewswire/ - Scryb Inc. ("Scryb'' or the "Company") (CSE: SCYB) (OTCQB: SCYRF) (Frankfurt: EIY), is pleased to announce that further to its press release of August 15, 2022, Pima Zinc Corp. ("Pima") has received conditional approval to list its common shares on the Canadian Securities Exchange (the "CSE"), subject to Pima fulfilling all of the requirements of the CSE on or before February 15, 2023. Pursuant to an amalgamation agreement (the "Amalgamation Agreement") with Pima, 2635212 Ontario Inc. ("Pima Subco"), a subsidiary of Pima, and Cybeats Technologies Inc. ("Cybeats") dated August 11, 2022, Pima will acquire all of the issued and outstanding common shares and preferred shares of Cybeats pursuant to a three-cornered amalgamation in accordance with Section 174 of the Business Corporations Act (Ontario) (the "Proposed Transaction"). Pima and Pima Subco are working diligently to complete the Financing (as such term is defined in the Amalgamation Agreement and the Company's press release dated August 15, 2022) and intends to close the Financing in the coming weeks.
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