TORONTO, Nov. 30, 2021 /CNW/ - Victory Capital Corp.
(TSXV: VIC.P) (the "Company") is pleased to announce that at
its Annual General Meeting held on June 29,
2021 (the "Meeting"), it has received disinterested
shareholder approval for all proposed amendments to bring the
Company's practices and operations in line with the revisions to
TSX Venture Exchange (the "Exchange") policy 2.4 "Capital
Pool Companies" ("Policy 2.4"), previously announced on
May 31, 2021. In particular,
shareholders have approved:
- amendments to the Company's stock option plan to, among other
things, become a 10% rolling option plan prior to the Company
completing its Qualifying Transaction in accordance with Exchange
policies (a "QT");
- removal of the consequences of failing to complete a QT within
24 months of the Company's date of listing on the Exchange;
- amendments to the escrow release conditions and certain other
provisions of the Company's CPC escrow agreement, including
allowing the Company's escrowed securities to be subject to an
18-month escrow release schedule; and
- permitting payment of a finder's fee or commission to a
Non-Arm's Length Party to the Company upon completion of a QT.
Please refer to the Company's May 31,
2021 news release and management information circular dated
effective May 31, 2021 (the
"Circular"), for further details with respect to the
amendments in accordance with the revised Policy 2.4 and the
Company's news releases dated October 14,
2021, February 8, 2021, and
November 25, 2020 with respect to the
Company's proposed QT (the "Qualifying Transaction") with
Acapulco Gold Corp. ("Acapulco").
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
This press release contains statements that constitute
"forward-looking information" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation, all statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements
contained in this press release include, without limitation,
statements regarding: resumption of trading receipt of requisite
shareholder or regulatory approvals; the business and operations of
the Company; and use of funds. In making the forward- looking
statements contained in this press release, the Company has made
certain assumptions, including that trading in the shares of the
Company will resume as anticipated. Although the Company believes
that the expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct. Known and
unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: delay or failure to
receive board, shareholder, stock exchange or other regulatory
approvals and general business, economic, competitive, political
and social uncertainties and economic risks associated with current
unprecedented market and economic circumstances due to the COVID-19
pandemic. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this
press release. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions,
changes in factors affecting such forward-looking statements or
otherwise.
SOURCE Victory Capital Corp.
