3 Sixty Secure Corp. Completes its Amalgamation with Total Cannabis Security Solutions Inc.

Published: January 7, 2019

3 Sixty Secure Corp. Completes its Amalgamation with Total Cannabis Security Solutions Inc.

3 Sixty Risk Solutions Ltd. announced the completion of its previously announced reverse takeover by the entity (“Amalco”) formed upon the amalgamation of 3 Sixty Secure Corp. and Total Cannabis Security Solutions Inc. In connection with the Reverse Takeover, Amalco amalgamated with a subsidiary of Petro Vista to form a wholly-owned subsidiary of the Company named “3 Sixty Secure Corp.”, through which the Company operates.

Immediately prior to the consummation of the Reverse Takeover, the funds raised by 3Sixty PrivateCo’s previously completed subscription receipt offering for gross proceeds of approximately $17.5 million were released from escrow and all subscription receipts purchased thereunder were exchanged for common shares of 3Sixty Privateco without any further action required on the part of the holders of the subscription receipts.

Prior to the Reverse Takeover, the common shares of Petro Vista were voluntarily delisted from the NEX Board of the TSX Venture Exchange at the close of business on January 3, 2019, and the previously announced consolidation of the common shares of Petro Vista on a two-to-one basis was completed.

Similarly, on December 19, 2018, the Canadian Securities Exchange (the “CSE”) provided the Company with conditional listing approval. The Company expects to commence trading on the CSE on or about January 8, 2019 under the ticker symbol “SAFE”.

Further to the Company’s press release dated November 13, 2018, in connection with the completion of the Reverse Takeover, all directors and officers of Petro Vista have resigned and have been replaced with the directors and management of Amalco.

The Company will be led by Thomas Gerstenecker, Founder and Chief Executive Officer of 3Sixty and an international security expert with 25+ years of experience including serving as Chief of Security, Global Operations, for the United Nations and as a member of Canada’s special forces group, Joint Task Force Two. Thomas is joined on the executive team by David Hyde as President, the founder of David Hyde & Associates and a former Security Chief for a major, multi-billion-dollar corporation, Carlo Rigillo as Chief Financial Officer, Craig Bromell as Chief of Security and Intel, and Neil Weaver as Chief Commercial Officer.

Furthermore, the Company has attracted an experienced board of directors. Gaetan Lussier, a recipient of the Order of Canada and a Deputy Minister in the Government of Canada, will serve as Chairman of the board and will be joined by Vernon White, a Canadian Senator and former Chief of Police of the Ottawa Police Service, Igor Gimelshtein, former CFO of MedReleaf and a former Vice President at Birch Hill Equity Partners, and Nancy Croitoru, a successful entrepreneur and multi-national senior executive who also served as president and CEO of Food & Consumer Products of Canada (FCPC). Thomas Gerstenecker will also serve on the board of directors.

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