February 2, 2015 – Toronto, Ontario – Matica Enterprises Inc. (MMJ – CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) is pleased to announce that it has obtained an interim order from the Supreme Court of British Columbia providing, amongst other things, for the calling and holding of a special meeting (the “Meeting”) of shareholders of Matica to seek approval for a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), previously announced four spinoff transactions by Matica on December 16, 2014 and January 6, 2015.
Matica will be taking advantage of the Notice-and-Access rules to reduce printing and mailing costs associated with the dissemination of annual information to shareholders. Notice-and-Access permits annual financial statements, management’s discussion and analysis and meeting circulars to be posted on public companies’ websites, instead of being mailed to shareholders. In accordance with the rules, the Company has filed a first time notice of use of Notice-and-Access, which is available on the Company’s profile at www.sedar.com. The Company will post on its website, www.westislandbrands.com, the meeting circular in respect of the Meeting to be held on March 10, 2015.
About Matica Enterprises Inc.
Matica has signed a definitive agreement to earn a fifty percent interest in THCD, a Nova Scotia applicant under the MMPR. THCD has received a “Ready To Build” letter from Health Canada and is awaiting the pre-licence inspection to become a Licensed Producer under the MMPR. THCD’s operation sits on 35 acres of land in Antigonish, Nova Scotia. For more information on Matica please visit the website at: www.westislandbrands.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
The Company’s filings are available for review at www.sedar.com and www.thecse.com.
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Telephone: 416-304-9935
E-mail: info@westislandbrands.com
Website: www.westislandbrands.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Matica’s proposed Arrangement. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain assumptions. These assumptions, which include management’s current expectations, estimates and assumptions about the potential benefits of the Arrangement, the areas that the resulting legal entities will focus on, the common shares of the Company’s wholly-owned subsidiaries to be distributed to the shareholders of the Company, that the restructuring will increase value for Matica shareholders, may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) the failure to obtain any necessary approvals for the Arrangement, (2) the timing and extent of the Arrangement, (3) potential negative financial impact from regulatory investigations, claims, lawsuits and other legal proceedings and challenges related to the Arrangement, (4) delays in timing of the shareholders meeting to consider the Arrangement, and (5) other factors beyond our control.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of the contents of this news release.