private ownership

Everybody Loves Languages Corp. (ELLC) has entered a business combination agreement with ELL Ventures Ltd. (EV) in a cash-out merger transaction. ELLC shareholders, excluding EV, will receive $0.085 per share, and ELLC is expected to be delisted from the TSX Venture Exchange. The transaction, led by key company executives Gali Bar-Ziv and Khurram Qureshi, is a related-party transaction subject to regulatory approval and shareholder vote. An independent committee has unanimously recommended the transaction, which is financed by a term loan and capital contributions from EV principals.