Top Strike Resources Corp. Announces OTCQB Listing
February 12 2020 - 5:30PM
Top Strike Resources Corp. d.b.a. Vencanna Ventures Inc.
("
Vencanna" or the "
Corporation")
(CSE: VENI; OTCQB: TPPRF) is pleased to announce that its common
shares (the "
Common Shares") have been approved to
commence trading on the OTCQB Venture Market
("
OTCQB"), a US trading platform that is operated
by the OTC Markets Group in New York. Effective today, Vencanna has
commenced trading on the OTCQB under the symbol "TPPRF". The Common
Shares will continue to trade on the Canadian Securities Exchange
(the "
CSE") under the symbol "VENI".
The Corporation wishes to correct an error made
in its press release dated December 17, 2019, in which it was
announced that the Common Shares had commenced trading on the
OTCQB. The Common Shares instead had commenced trading on the Pink
Open Market, also operated by the OTC Markets Group, effective
December 16, 2019. As stated above, the Corporation has since
completed the approval process to commence trading on the
OTCQB.
"The listing of Vencanna's Common Shares to the
OTCQB Exchange is an exciting milestone as we remain continually
focused on creating value for our shareholders in multiple ways.
Even though Vencanna has been a fully reporting company since its
inception and listing to the CSE, we believe that the broader
exposure afforded by the OTCQB will raise our visibility within the
US investment community and assist in increasing the liquidity of
our Common Shares. In addition, we believe that trading on this
established US based public market will help to generate exposure
for Vencanna among institutional investors both in Canada and the
US," stated Vencanna CEO David McGorman.
About Vencanna
On September 24, 2018, the Corporation announced
the completion of a recapitalization financing, the appointment of
a new management team and board of directors and commencement of
trading on the CSE. The transactions have transitioned the
Corporation from an oil and gas issuer to a merchant capital firm,
rebranded as "Vencanna Ventures Inc.". The recapitalized
Corporation aims to be a go-to capital provider for early-stage
global cannabis initiatives with an emphasis on strong management
operating in state compliant jurisdictions with barriers to entry.
The Corporation looks to provide investors with a diversified,
high-growth, cannabis investment strategy through strategic
investments focused through-out the value chain (cultivation,
processing and distribution, and including ancillary
businesses).
For further information regarding this news
release, please contact:
David McGorman |
Jason Ewasuik |
Chief Executive Officer and Director |
Vice President, Originations |
david@vencanna.com |
jason@vencanna.com |
Top Strike Resources Corp.Suite 310, 250 – 6th
Avenue S.W.Calgary, AB T2P 3H7
Forward-Looking Statements
This news release contains forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "objective", "ongoing",
"may", "will", "project", "should", "believe", "plans", "intends"
and similar expressions are intended to identify forward-looking
information or statements. More particularly, and without
limitation, this news release contains forward looking statements
and information concerning the benefits of listing on the OTCQB and
statements relating to Vencanna's business, strategies and
expectations.
The forward-looking statements and information
are based on certain key expectations and assumptions made by
Vencanna, including expectations and assumptions concerning listing
on the OTCQB. Although Vencanna believes that the expectations and
assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be
placed on the forward-looking statements and information because
Vencanna can give no assurance that they will prove to be correct.
By its nature, such forward-looking information is subject to
various risks and uncertainties, which could cause the actual
results and expectations to differ materially from the anticipated
results or expectations expressed. Without limitation, these risks
and uncertainties include: actions and initiatives of federal,
state and provincial governments and changes to government policies
and the execution and impact of these actions, initiatives and
policies; import/export and other restrictions for cannabis based
operations; the size of the medical-use and adult-use cannabis
market; competition from other industry participants; adverse U.S.,
Canadian and global economic conditions; and failure to comply with
certain regulations. Vencanna undertakes no obligation to update
publicly or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by law.
The CSE has neither approved nor
disapproved of the contents of this press release. Neither the CSE
nor the Market Regulator (as that term is defined in the policies
of the CSE) accepts responsibility for the adequacy or accuracy of
this release.
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