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TORONTO, Dec. 21, 2021 /CNW/ - OV2 Investment 1 Inc. (the
"Corporation") (TSXV: OVO.P), announces that it has agreed
to extend the escrow release deadline in respect of its private
placement of subscription receipts which closed on July 21, 2021. The escrow release deadline was
previously set as December 21, 2021
but the Corporation and EasTower Group Inc. ("EasTower")
have agreed to the extension to provide the Corporation and
EasTower additional time to complete the conditions precedent
contained in the merger agreement dated April 23, 2021 as announced on April 29, 2021. The escrow release deadline is
extended to March 28, 2022 or such
date that the Corporation and EasTower may agree in writing.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Information
Statements in this press release regarding the Transaction
and Financings, which are not historical facts, are
"forward-looking statements" that involve risks and uncertainties.
Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially
from those currently anticipated in such statements.
Completion of the transaction is subject to a number of
conditions, including but not limited to, exchange acceptance and
if applicable pursuant to exchange requirements, majority of the
minority shareholder approval. There can be no assurance that the
transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the
management information circular or filing statement to be prepared
in connection with the transaction, any information released or
received with respect to the transaction may not be accurate or
complete and should not be relied upon. Trading in the securities
of a capital pool company should be considered highly
speculative.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the transaction and has neither approved nor disapproved
the contents of this press release.
SOURCE OV2 Investment 1 Inc.
