Exchange Bulletin

Trilogy International Partners Inc. (TRL, TRL.WT) To Trade On Toronto Stock Exchange


February 7, 2017

Issuer: Alignvest Acquisition Corporation ("Alignvest")
Resulting Issuer: Trilogy International Partners Inc. ("Trilogy")

Old SecuritiesOld SymbolsNew SecuritiesNew SymbolsNew CUSIP
Class A Restricted Voting Shares (the "Class A Shares") AQX.A Common Shares (the "Shares") TRL 89621T 10 8
Share Purchase Warrants (the "Alignvest Warrants") AQX.WT Share Purchase Warrants (the "Warrants") TRL.WT 89621T 11 6
Transaction: Further to TSX Bulletin 2017-0037 dated January 12, 2017, at a meeting held on January 24, 2017, shareholders of Alignvest approved, amongst other things, a plan of arrangement (the ‘'Arrangement'') involving Alignvest and Trilogy International Partners LLC. (the "Qualifying Acquisition"). Alignvest completed an offering of $81.4 million worth of (unlisted) Class B Shares in conjunction with the closing of the Arrangement for $10.00 per Class B Share, all of which were converted into Shares under the Arrangement.
Consideration and exchange ratio: Pursuant to the Qualifying Acquisition: - each Class A Share will, unless previously redeemed, be automatically converted into one Share; and - each Alignvest Warrant will be converted into one Warrant
Number of securities issued and outstanding: 44,177,149 Shares and 13,402,688 Warrants
Number of securities reserved for issuance: 52,737,605 Shares
Closing date: February 7, 2017
Listing and posted for trading date for New Securities: February 9, 2017 (at the opening)
Halt and delisting date for Old Securities: Halted February 9, 2017 (at the opening) and delisted February 9, 2016 (at the close)
Listing category: Industrial, Non-Exempt Issuer
Trading currency: CDN$
Other market(s): None
Market maker: TD Securities Inc.
Transfer agent and registrar: TSX Trust Company at its principal offices in Toronto and Vancouver.
Security ownership registration: CDS Book Entry Only system
Exchange procedure: As the Class A Shares trade in the Book Entry Only system of CDS and no individual certificates are issued, holders of Class A Shares need not take any action in order to receive the Shares. Holders of Alignvest Warrants need not take any action with respect to the Arrangement. Certificates representing Alignvest Warrants will continue to represent a like number of Warrants until replaced against transfer.
Investor relations: Ann Saxton,
Vice President, Investor Relations & Corporate Development
Phone: (425) 458-5962
Email: ann.saxton@trilogy-international.com
Incorporation: Business Corporations Act (British Columbia)
Fiscal year end: December 31
Nature of business: Trilogy is a wireless telecommunications operator that provides wireless communications services in New Zealand and in Bolivia.
Dividends: Alignvest has not declared or paid any dividends since incorporation. Following closing of the Qualifying Acquisition, the Board plans to adopt a dividend policy with the intent to pay an annual dividend of $0.02 per Share. There can be no guarantee that Trilogy will implement a dividend policy and that, if implemented, such dividend policy will be maintained. Trilogy also intends to implement a Dividend Reinvestment Plan.
Sponsorship: TD Securities Inc.
Disclosure document: Prospectus dated December 20, 2016 and Notice of Special Meeting of Shareholders and Management Information Circular dated December 22, 2016 (the "Circular"), as amended by the Amendment to the Circular dated January 12, 2017, which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in such disclosure documents.

Principal terms of the Warrants

Exercise price: $11.50
Expiry: The Warrants will expire at 5:00 p.m. on February 7, 2022 (the day that is five years following closing of the Qualifying Acquisition) or may expire earlier upon Trilogy Winding-Up or if the expiry date is accelerated.
Additional information: As a result of the completion of the Qualifying Acquisition, each listed Warrant will be exercisable for one Share commencing 30 days following closing of the Qualifying Acquisition. Please refer to TSX Bulletins 2015-0792 dated July 30, 2015 for a summary of the terms of the Alignvest Warrants.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange

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