Franchise Holdings International Inc., Submits Non-Offering Prospectus with the Ontario Securities Commission to list on a Ca...
October 23 2018 - 1:09PM
Toronto, Ontario, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Franchise
Holdings International Inc., (OTCQB: FNHI) (“FHI” or the
“Corporation”) Worksport Ltd.’s parent company, has proudly
submitted its Non-Offering Prospectus (“NOP”) to the Ontario
Securities Commission to apply for a Canadian Stock Exchange
besides the current OTCQB listing.
Filing the Corporation’s NOP occurs so that it
can attempt to qualify as a Ontario reporting issuer. Becoming a
reporting issuer, a mandatory regulatory requirement, enables the
Corporation’s regulatory clearance in listing its common shares on
a Canadian Stock Exchange. Should the OSC approve FHI’s NOP, and
grant FHI clearance in becoming an issuer, FHI will then
immediately apply to list its common shares on the Canadian
Securities Exchange (“CSE”).
“We are very optimistic that FHI could
obtain reporting issuer status before the end of Q4 2018, with a
CSE listing occurring in early Q1 2019,” FHI CEO and director
Steven Rossi stated. ”Management also strongly feels that obtaining
a CSE listing will provide prospective Canadian-based investors
increased transparency. It also affords our existing Canadian
investors increased liquidity by being dual listed on a Canadian
Stock Exchange. A CSE listing perfectly complements our existing
OTCQB status. It is the next logical step in building both
Worksport Ltd. and FHI into world-class companies for
shareholders.”
About Worksport Ltd
Worksport Ltd., a fully owned subsidiary of
Franchise Holdings International. Inc., is an innovative
manufacturer of high quality, functional, and aggressively priced
tonneau/truck bed covers for light trucks like the F150, Sierra,
Silverado, Canyon, RAM, and Ford F-Series. For more information
please visit www.worksport.com
About Franchise Holdings
International
Listed on the OTCQB Market under the trading
symbol “FNHI” and currently in the process of a dual listing on a
Canadian Stock Exchange, Franchise Holdings International’s
strategy is to acquire business in the fastest growing business
segments and to create shareholder value in the process. Once a
business of interest is acquired, our mission is to further develop
and accelerate the growth for all of our acquired subsidiaries.
Currently the Corporation has one fully owned subsidiary, Worksport
Ltd.
Forward-Looking Statements
This document may contain forward-looking
statements, relating to Franchise Holdings International Inc.
operations or to the environment in which it operates, which are
based on Franchise Holdings International Inc. operations,
estimates, forecasts and projections. These statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond
Franchise Holdings Internationals Inc.’s control. A number of
important factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Consequently, readers should not place any undue
reliance on such forward-looking statements. Franchise Holdings
International Inc. disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. No Stock Exchange or
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
For further information please
contact:
Mr. Steven Rossi
CEO & Director
Franchise Holdings International
.
T: 1-888-554-8789
E: Investors@franchiseholdingsinternational.com
Website: www.FranchiseHoldingsInternational.com