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19 December 2013

FARRIS REPRESENTS AUSTRALIAN TECH COMPANY IN REVERSE TAKE-OVER TRANSACTION AND PUBLIC LISTING

December 18, 2013 – Farris represented Simavita Holdings Limited, a medical device company based out of Sydney, Australia, in completing a reverse takeover with Gtech International Resources Limited.  The acquisition was implemented by way of scheme of arrangement regulated by the Australian Corporations Act.  Prior to the completion of the acquisition, Simavita raised $14 million by way of a non-brokered prospectus offering.  Simavita is now listed on the TSX Venture Exchange as a Tier II issuer under the symbol “SV”. 

Subsequent to the transaction, Farris is now representing Simavita with their CHESS Depositary Interests (CDI) prospectus offering in Australia in order for the company to become dual-listed on the Australian Stock Exchange.

The Farris team, led by Denise Nawata, included partner Al Hudec and associate James Campbell.

A copy of the press releases announcing these transactions can be viewed here.

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