![]() Neither Novamind nor any Novamind Subsidiary has received notice of non-compliance, or notice of any proceedings relating to the revocation, suspension, termination or modification, of any such Governmental Licences. Subsequent to the Transaction, Hinterland changed its name to Novamind Inc. It shows the relationships among activity, leverage, and profitability ratios.Īs Novamind is deemed to be the accounting acquirer for accounting purposes, its assets, liabilities and operations are included in the financial statements at their historical carrying value. The introduction of separate legal personality will give statutory form to this approach.įor the purposes hereof, all such withheld amounts shall be treated as having been paid to the person in respect of which such deduction and withholding was made on account of the obligation to make payment to such person hereunder, provided that such deducted or withheld amounts are actually remitted to the appropriate Governmental Entity by or on behalf of Novamind, Numinus or the Depositary, as the case may be. ![]() The consolidated financial statements of the combined entity are issued under the legal parent, Novamind Inc., but are considered a continuation of the financial statements of the legal subsidiary, Novamind Ventures Inc.Īs a result of the share exchange between Hinterland and Novamind described above, the former shareholders of Novamind acquired control of the Company.The accounting for this transaction resulted in the following: In the Cash Receipt Information section, enter the name of the person from whom the funds were received as Payor and enter the Description. ![]()
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