TORONTO, ONTARIO--(Marketwired - Oct. 15, 2013) - Caribbean Diversified Investments Inc. (formerly 0924885 B.C. Ltd.) ("CDI") (CNSX:HDC) wishes to announce that it has completed a three-cornered amalgamation (the "Amalgamation") pursuant to an amalgamation agreement (the "Amalgamation Agreement") dated July 9, 2013, among CDI, Caribbean Diversified Holdings Inc. ("CDHI") and 2379939 Ontario Inc. ("Newco"), a wholly-owned subsidiary of the Company incorporated solely for the purposes of completing the Amalgamation, pursuant to which Newco amalgamated with CDHI to form a combined entity ("Amalco") and the Company issued 63,368,610 common shares of the Company to the holders of common shares of CDHI on the basis of one common share of the Company for each share of CDHI. As a result of the Amalgamation, Amalco is now a wholly-owned subsidiary of the Company. Amalco is the sole shareholder of St. Helen University Inc. ("SHUI"), a St. Lucian company.
Following the completion of the Amalgamation, the Company adopted the business of CDHI and SHUI, which is the ownership and operation of St. Helen University ("SHU") in St. Lucia. Following the completion of the Amalgamation, the Company completed the listing of its common shares on the CNSX and commenced trading on August 30, 2013.
In September, the board of directors of the Company appointed Christopher Malone as President and CEO. This appointment followed the resignation of Hygriu (Oma) Sewhdat as CEO of the Company. Mr. Sewhdat remains a director of the Company and remains President of the Company's operating subsidiary. SHUI. The Company also appointed Aiman Dally, as CFO. Mr. Dally was appointed a following the resignation of Scott Hinsperger as CFO. Mr. Hinsperger remains a director of the Company.
The Company currently has 64,881,354 common shares outstanding.
Information About CDI
The Company's core business is the ownership and operation of the St. Helen University in St. Lucia. The Company's goal is to invest in the expansion of SHU, its student and curriculum through the acquisition of real estate, residence accommodation and other infrastructure businesses to support the faculty and student population of SHU.
SHU was established in February 2012, offering an MD (Doctor of Medicine) degree, in accordance with the preferred credentials in North America, Europe, Africa, Asia and the Caribbean. SHU also offers Pre-Med courses to prepare students to enter the MD program. SHU began its first classes on January 7, 2013.
SHU's future plans include programs in other Health disciplines like Pharmacy as well as disciplines in Business and Technology. In September 2013, the curriculum program offering was expanded to include Nursing and Pre-Med along with the anchor MD degree program.
Established on the beautiful Caribbean island of Saint Lucia, SHU is located in the southern town of Vieux Fort, minutes from the island's Hewanorra International Airport.
SHU offers an innovative program in modern technologically equipped classrooms and facilities in a warm atmosphere with the best environment the Caribbean can offer, where each student will be surrounded by a diverse community of local and international peers and faculty.
SHU's student body will be truly international, with students being drawn from St. Lucia, the Caribbean, North America, Europe, Asia, Africa and Australia.
Corporate Social Responsibility
SHU takes its corporate social responsibility seriously. Long before its doors opened, SHU has been sponsoring various activities aimed at encouraging social development, including being the main sponsor of the 2012 Sir Vivian Richards Charity Golf Tournament, an annual event which raises funds for young golfers and cricketers on the island.
SHU also donated 100,000 surgical gloves to the Government of Saint Lucia through the Ministry of Health for distribution to public and private medical institutions on the island.
SHU offers the best possibilities to local St Lucian resident students. Local students, who qualify, will have access to full tuition scholarships. Those who do not receive the full scholarship can enjoy other levels of tuition support of up to 50% of their annual tuition though scholarships. In addition, SHU is also offering partial scholarships to Caribbean Community (CARICOM) nationals.
Statement of Equal Educational Opportunity
All enrolled students shall have equal access to and participation in all programs and activities sponsored or conducted by St. Helen University and none shall be discriminated against on any basis prohibited under the Laws of Saint Lucia, including, but not limited to, race, national origin, religion, sex or physical disabilities.
For more information please visit the Caribbean Diversified Investments' website at www.caribbeaninvestments.ca and the St. Helen University website at www.shu.com.lc.
Caribbean Diversified Investments, Inc. (CDI) is a Canadian based investment company whose core business is focused on the development its wholly-owned subsidiary, St. Helen University in St. Lucia. CDI's goal is to invest in the expansion of the university, its student and curriculum through the acquisition of real estate, residence accommodation and other infrastructure businesses to support the faculty and student population in St. Lucia's "Education Corridor".
This press release may contain projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of CDI. These risks and uncertainties could cause actual results and CDI's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. CDI assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.