The Proposed Transaction remains subject to the final approval of the Exchange and satisfaction of closing conditions customary for transactions of this nature. The Company, upon and subject to completion of the Proposed Transaction (the 'Resulting Issuer'), will continue under the name 'Vortex Metals Inc.' and trade on the Exchange under the symbol 'VMS'. The Proposed Transaction is expected to close on or about
The Company has filed a filing statement today that is dated effective
In accordance with the policies of the Exchange, the Company's common shares are currently halted from trading and will remain so until such time as required by Exchange policies.
About
Victory is a capital pool company created pursuant to the policies of the Exchange. It does not own any assets, other than cash or cash equivalents and its rights under the merger agreement for the Proposed Transaction. The principal business of Victory is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to acceptance by the Exchange so as to complete a Qualifying Transaction in accordance with the policies of the Exchange.
About
Acapulco
All information in this Press Release relating to Acapulco is the sole responsibility of Acapulco. Management of Victory has not independently reviewed this disclosure nor has Victory's management hired any third party consultants or contractors to verify such information.
Contact:
Email: roger.he@ppse.me
Forward-Looking Information
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements, including statements relating to the completion of the Proposed Transaction, the proposed business of the Resulting Issuer on completion of the Proposed Transaction, the closing date of the Proposed Transaction, the proposed listing for trading of the Resulting Issuer common shares, shareholder, director and regulatory approvals, and future press releases and disclosure. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of each of Victory and Acapulco may differ materially from those anticipated and indicated by these forward looking statements. Although each of Victory and Acapulco believes that the expectations reflected in forward looking statements herein are reasonable, they can give no assurances that the expectations of any forward looking statements herein will prove to be correct. Except as required by law, each of Victory and Acapulco disclaims any intention and assume no obligation to update or revise any forward looking statements herein 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.
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