Wolf Acquisition Corp. Announces Termination of Letter of Intent
November 01 2019 - 6:00PM
Wolf Acquisition Corp. (“
Wolf” or the
“
Corporation”) announces that the previously
announced letter of intent (the “
LOI”) between the
Corporation and Abaxx Technologies Inc. (“
Abaxx”)
has been terminated, effective October 31, 2019.
Wolf did not pay any deposit or advance any
funds to Abaxx nor did it loan Abaxx any funds in connection with
the LOI. The LOI was terminated on October 31, 2019 due to
the parties not reaching a definitive agreement pursuant to the
terms of the LOI.
Wolf is actively working to identify and
evaluate other opportunities for the purpose of completing a
Qualifying Transaction under the CPC Policy of the TSX Venture
Exchange. Trading of Wolf’s common shares on the TSX Venture
Exchange is expected to resume trading in the coming days.
For further information please
contact:
Wolf Acquisition Corp. Mack Hosseinian, Corporate
Secretary Telephone: 416.597.6033
FORWARD-LOOKING STATEMENTS
This press release contains certain
forward-looking statements, including statements about the future
plans and intentions of Wolf and completion of a Qualifying
Transaction. Wherever possible, words such as “may”, “will”,
“should”, “could”, “expect”, “plan”, “intend”, “anticipate”,
“believe”, “estimate”, “predict” or “potential” or the negative or
other variations of these words, or similar words or phrases, have
been used to identify these forward-looking statements. These
statements reflect management’s current beliefs and are based on
information currently available to management as at the date
hereof.
Forward-looking statements involve significant
risk, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to differ materially
from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully and
readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in
this press release are based upon what management believes to be
reasonable assumptions, the Corporation cannot assure readers that
actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the
date of this press release, and the Corporation assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by law.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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