Cresval Capital Corp. Terminates Arrangement With Tess
February 15 2019 - 5:30PM
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED STATES
Cresval Capital Corp. (TSXV: CRV) (“
Cresval” or
the “
Company”) has terminated its proposed plan of
arrangement with Tess Inc., originally announced on December 11,
2017 (with updates on January 17, May 14 and July 24, 2018), due to
Tess’ inability to complete the application for listing of the
resulting issuer, TessPay Inc., on the TSX Venture Exchange.
Conditional acceptance for listing was one of the mutual
pre-conditions to the closing of the plan of arrangement.
Cresval intends to proceed with the further
exploration of its mineral resource properties in British
Columbia.
On behalf of the Board:
s/Lee Ann Wolfin, CEO
For further information please contact:
Lee Ann Wolfin President and Chief Executive Officer Telephone:
(604) 913-7788 Email: lawolfin@cresval.com
Neither the Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
has reviewed this release and neither accepts responsibility for
the adequacy or accuracy of this release.
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