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way ventures inc (WAY/P) Details

Way Ventures Inc. does not have significant operations. It intends to identify and evaluate assets or businesses with a view of acquisition or participation. The company was incorporated in 2011 and is headquartered in Toronto, Canada.

Founded in 2011

way ventures inc (WAY/P) Top Compensated Officers

Chief Executive Officer, President, Chief Fin...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

way ventures inc (WAY/P) Key Developments

Way Ventures Inc. Auditor Raises 'Going Concern' Doubt

Way Ventures Inc. filed its Annual on Jun 25, 2014 for the period ending Feb 28, 2014. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Way Ventures Inc. and UGE Holdings Limited Announces Executive Appointments

Way Ventures Inc. provided a progress update of its proposed qualifying transaction with UGE Holdings Limited. Pursuant to the letter of intent entered into on August 16, 2013 UGE, the owner of Urban Green Energy Inc., Way Ventures and UGE will complete a business combination (the transaction) whereby all of the issued and outstanding securities of UGE will be exchanged for securities of Way Ventures. Prior to closing of the Transaction, UGE will complete an arm's length non-brokered private placement of 1,406,210 common shares at a purchase price of $3.56 per share for aggregate gross proceeds of $5,000,000 resulting in the issuance of an additional 5,159,770 common shares of the resulting issuer (being Way Ventures following completion of the Transaction (the resulting issuer) after applying the Share Exchange Ratio). John Michael (Mike) Barnsley is the proposed Chief Financial Officer of the resulting issuer and Jian Yang is the proposed Chief Operating Officer and Secretary. Mr. Barnsley is currently Chief Financial officer and Corporate Secretary for Epic Fusion Corp.

Way Ventures Inc. Not In Compliance With TSX Venture Exchange Listing Rules

Further to the TSX Venture Exchange Bulletin dated November 13, 2013, effective at the opening on December 17, 2013, trading in the shares of Way Ventures Inc. will be suspended, the company having failed to complete a Qualifying Transaction within 24 months of its listing. Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.


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