Tangelo Games completes arrangement with GoGel Holdings
On September 18, 2018, Tangelo Games Corp. (TSXV: GEL), a developer of social and mobile gaming for desktop, iOS and Android platforms, announced the completion of the previously announced arrangement transaction pursuant to which GoGel Holdings Inc. acquired all of the issued and outstanding common shares of Tangelo by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario).
Echelon Wealth Partners Inc. ("Echelon") earlier provided a fairness opinion to the Special Committee of Tangelo to the effect that the consideration payable under the arrangement agreement was fair, from a financial point of view, to the shareholders of Tangelo.
Gowling WLG advised Echelon with respect to this transaction with a team that included Kathleen Ritchie and Andre Poles.
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