NEW YORK, Dec. 4, 2019 /PRNewswire/ -- Alberton Acquisition
Corporation (NASDAQ: ALAC, the "Company" or "Alberton") today
announced that, on December 3, 2019,
the Company, upon receipt of the principal, issued an unsecured
promissory note in the aggregate principal amount of $500,000 (the "Note") to Global Nature Investment
Holdings Limited ("Global Nature"), its registered assignees or
successor in interest (the "Payee"). The Note was issued in
connection with a potential business combination with Global Nature
as working capital of Alberton.
The Note is non-interest bearing and is payable on the earlier
date (the "Maturity Date") of (i) that Alberton consummates its
initial business combination with Global Nature or
another qualified target company (a "Qualified Business
Combination"), and (ii) expiry of the term of Alberton, which is
now January 24, 2020 and extendable
for additional three months at Alberton's discretion subject to
certain conditions. The principal balance may be prepaid prior to
the Maturity Date without penalty.
About ALAC
ALAC is a blank check company, also commonly referred to as a
Special Purpose Acquisition Company, or SPAC, formed for the
purpose of acquiring, engaging in a share exchange, share
reconstruction and amalgamation, purchasing all or substantially
all of the assets of, entering into contractual arrangements, or
engaging in any other similar business combination with one or more
businesses or entities. ALAC's efforts to identify a target
business have not been limited to a particular industry or
geographic region.
About Global Nature
Global Nature is a wholly owned subsidiary of CITIC Capital, an
investment advisory firm that manages over US$ 26 billion of capital through its multi-asset
class platform. Global Nature holds agri-related assets.
Disclaimer
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor
shall there be any sale of securities in any jurisdiction in
which the offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such jurisdiction. No offering of securities shall be made except
by means of a prospectus meeting the requirements of Section 10 of
the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release includes "forward-looking statements" that
involve risks and uncertainties that could cause actual results to
differ materially from what is expected. Words such as "expects",
"believes", "anticipates", "intends", "estimates", "seeks", "may",
"might", "plan", "possible", "should" and variations and similar
words and expressions are intended to identify such forward-looking
statements, but the absence of these words does not mean that a
statement is not forward-looking. Such forward-looking statements
relate to future events or future results, based on currently
available information and reflect ALAC management's current
beliefs. A number of factors could cause actual events or results
to differ materially from the events and results discussed in the
forward-looking statements. In addition, please refer to the Risk
Factors section of ALAC's Form 10-K, its Quarterly Reports on Form
10-Q for additional information identifying important factors that
could cause actual results to differ materially from those
anticipated in the forward looking statements. Except as expressly
required by applicable securities law, ALAC disclaims any intention
or obligation to update or revise any forward looking statements
whether as a result of new information, future events or
otherwise.
Contacts
Alberton Acquisition Corp.
Bin Wang
Tel. +1 (917) 202-8028
Email: ben@albertoncorp.com
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SOURCE Alberton Acquisition Corp.