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Richmond, BC - TheNewswire -
QTCapital Corp (“Icarus”) previously announced that its qualifying transaction (“QT”) was conditionally approved by the
The QT has now been extended with the consent of the
Icarus will acquire all of the issued and outstanding shares of 1401935
About Icarus
Icarus is a
Trading in Icarus Shares
Icarus is currently halted from trading pending final TSXV approval of the QT.
Further Information
Completion of the QT is subject to a number of conditions, including but not limited to, final TSXV acceptance. There can be no assurance that the QT will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the QT, any information released or received with respect to the QT 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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the QT; the business plans of Icarus; use of funds; and the business and operations of the Resulting Issuer after the proposed QT. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to 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: general business, economic, competitive, political and social uncertainties; delay and failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
For further information regarding the QT, please contact:
Email: garry@icaruscapital.ca
Telephone: (778) 866 - 9041
NOT FOR DISSEMINATION IN
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