Calgary, Alberta--(Newsfile Corp. - December 23, 2020) - Shine Box Capital Corp. (TSXV: RENT.P) ("Shine Box") announces that the previously announced letter of intent between Shine Box and Ciscom Corp. ("Ciscom") dated August 13, 2020 in respect of the proposed business combination transaction between Shine Box and Ciscom (the "Proposed Transaction") has been terminated in accordance with its terms. The Proposed Transaction was expected to constitute the "Qualifying Transaction" of Shine Box, as such term is defined in TSX Venture Exchange Policy 2.4 - Capital Pool Companies.
Shine Box has re-engaged in the process of identifying and evaluating assets or businesses with a view to completing a Qualifying Transaction. Shine Box has applied to the TSX Venture Exchange to resume trading of the common shares of Shine Box (trading symbol "RENT.P"), which were previously halted from trading pending completion of the Proposed Transaction.
General Information on Shine Box
Shine Box was incorporated under the Canada Business Corporations Act and has a head office in Calgary, Alberta. Shine Box is a "Capital Pool Company" under the policies of the TSX Venture Exchange and is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.
For further information please contact:
Shine Box Capital Corp.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of 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 involves discussions with respect to 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. In this news release, forward-looking statements relate, among other things, to: the resumption of trading of the Shine Box common shares. 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; and the delay or failure to receive board, shareholder, court 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. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Corporation assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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