Inactive Instrument

Indigenous Roots Corp.

IRCC

US4556851073

INDIGENOUS ROOTS CORP. : Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits (form 8-K)

January 20, 2022 at 02:48 pm EST

Item 2.01 Completion of Acquisition or Disposition of Assets

Further to the Company's Current Report on Form 8-K filed on October 27, 2021, the Company received approval from The Financial Industry Regulatory Authority (FINRA) and, effective January 20, 2022, has completed its spin-off of Edison Power Company ("EPC") the Company's wholly-owned subsidiary.

In connection with the spin-off, the Company entered into a Spin-Off Agreement dated May 25, 2021 with EPC and an Amended Spin-Off Agreement dated October 22, 2021, pursuant to which EPC agreed to issue to shareholders of the Company (upon completion of the spin-off), one-half of one unregistered and restricted share of EPC, for each share of the Company held by shareholders of record on October 22, 2021.

The shares of EPC have not been listed on any stock exchange, and EPC is now an independent private company.

The spin-off does not qualify as a tax-free qualifying spin-off under Section 355 of the Internal Revenue Code of 1986.

Item 9.01 . Financial Statements and Exhibits




(d) Exhibits

 Exhibit                         Description
  10.1*       Spin-Off Agreement dated May 25, 2021
  10.2*       Amended Spin-Off Agreement dated October 22, 2021

* Filed Herewith

--------------------------------------------------------------------------------

Latest news about Indigenous Roots Corp.

Indigenous Roots Corp. Reports Earnings Results for the First Quarter Ended November 30, 2021	22-01-14	CI
Indigenous Roots Corp. Reports Earnings Results for the Full Year Ended August 31, 2021	21-12-16	CI
Indigenous Roots Corp. Auditor Raises 'Going Concern' Doubt	21-12-15	CI
Indigenous Roots Corp. Announces Management Changes	21-10-20	CI
Indigenous Roots Corp. Reports Earnings Results for the Third Quarter Ended May 31, 2021	21-07-19	CI
Indigenous Roots Corp. Announces Board Changes	21-04-13	CI
Indigenous Roots Corp. Reports Earnings Results for the Second Quarter Ended February 28, 2021	21-04-08	CI
Indigenous Roots Corp. Reports Earnings Results for the First Quarter Ended November 30, 2020	21-02-23	CI
Indigenous Roots Corp. Reports Earnings Results for the Full Year Ended August 31, 2020	20-12-07	CI
Indigenous Roots Corp. Auditor Raises 'Going Concern' Doubt	20-12-06	CI
Indigenous Roots Corp. Reports Earnings Results for the Third Quarter Ended May 31, 2020	20-08-26	CI
Indigenous Roots Corp. Reports Earnings Results for the Second Quarter Ended February 29, 2020	20-07-29	CI
Indigenous Roots Corp. acquired Edison Power Corporation for $10.	20-07-28	CI
Indigenous Roots Corp. Reports Earnings Results for the First Quarter Ended November 30, 2019	20-07-13	CI
Indigenous Roots Corp. Reports Earnings Results for the Full Year Ended August 31, 2019	20-06-26	CI
Indigenous Roots Corp. Auditor Raises 'Going Concern' Doubt	20-06-25	CI
Indigenous Roots Corp. Reports Earnings Results for the Third Quarter Ended May 31, 2019	20-04-24	CI
Indigenous Roots Corp. acquired 140 kW/h Solar Power Generating Facility in Georgetown, Delaware for $0.82 million.	20-02-09	CI
American Paramount Gold Corp. Reports Earnings Results for the Full Year Ended August 31, 2018	19-10-24	CI
Indigenous Roots Corp. Auditor Raises 'Going Concern' Doubt	19-10-23	CI
Indigenous Roots Corp. Reports Earnings Results for the Third Quarter Ended May 31, 2018	19-08-09	CI
Indigenous Roots Corp. Announces Management Changes	18-09-27	CI
Indigenous Roots Corp. Announces Board Resignations	18-09-25	CI
Indigenous Roots Corp. Announces Management Changes	18-04-05	CI
American Paramount Gold Corp. will Change its Name to Indigenous Roots Corp. Common	18-02-09	CI

Chart Indigenous Roots Corp.

Duration

Period

More charts

Company Profile

Indigenous Roots Corp. primarily owns and operates a solar power generating system. The Company is seeking acquisitions in the renewable energy sector. It has an interest in Edison Power Company (Edison Power). Edison Power owns an interest in Edison Delaware 2 LLC, a Delaware-registered Company that owns and operates a 140-kilowatt hours (kWh) solar power generating facility in Georgetown, Delaware. Its subsidiary is Edison Power Corp.

Sector

Gold

More about the company

Sector Other Gold

	1st Jan change	Capi.
FRANCO-NEVADA CORPORATION	+14.44%	23.6B
GOLD FIELDS LIMITED	+18.12%	15.6B
ZHONGJIN GOLD CORP.,LTD	+34.04%	8.93B
HARMONY GOLD MINING COMPANY LIMITED	+40.67%	5.54B
EVOLUTION MINING LIMITED	+2.27%	5.25B
ENDEAVOUR MINING PLC	-2.15%	5.21B
TRIPLE FLAG PRECIOUS METALS CORP.	+26.93%	3.29B
PT ANEKA TAMBANG TBK	-6.45%	2.36B
KOZA ALTIN ISLETMELERI	+19.82%	2.31B

Other Gold