TORONTO, July 20,
2023 /CNW/ - Standard Mercantile Acquisition Corp.
(TSX: SMA) (the "Company") today announces that it has
accepted the resignation of Bradley
Nathan from the Company's board of directors (the
"Board"). As a result of the progress in completing the
wind-up activities for the Company, Mr. Nathan has determined that
it is an appropriate time to resign to focus on his other business
interests. Management and the Board thank him for his more than two
years of service.
Forward-Looking Statements
Statements in this press release contain forward-looking
information. Such forward-looking information may be identified by
words such as "anticipates", "plans", "proposes", "estimates",
"intends", "expects", "believes", "may" and "will". The
forward-looking statements are founded on the basis of expectations
and assumptions made by the Company. Details of the risk factors
relating to the Company and its business are discussed under the
heading "Business Risks and Uncertainties" in the Company's annual
Management's Discussion & Analysis for the year ended
December 31, 2022 and under the
heading "Risk Factors" in the Company's Annual Information Form
dated March 24, 2023, copies of which
are available on the Company's SEDAR profile at www.sedar.com. Most
of these factors are outside the control of the Company. Investors
are cautioned not to put undue reliance on forward-looking
information. These statements speak only as of the date of this
press release. Except as otherwise required by applicable
securities statutes or regulation, the Company expressly disclaims
any intent or obligation to update publicly forward-looking
information, whether as a result of new information, future events
or otherwise.
SOURCE Standard Mercantile Acquisition Corp.