/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S.
NEWSWIRES/
TORONTO, June 7, 2019 /CNW/ - Green Rise Capital
Corporation ("Green Rise") (TSX VENTURE: GRCC.P), a capital
pool company, provides an update on the previously announced
transaction whereby Green Rise expects to complete a business
combination with Bull Market Farms Inc. ("Bull Market") that
would constitute Green Rise's "Qualifying Transaction" (as such
term is defined in TSX Venture Exchange ("TSXV") Policy 2.4
– Capital Pool Companies) if completed (the
"Transaction"). Pursuant to an amending agreement dated
June 7, 2019 (with effect as and from
May 31, 2019) to the definitive
agreement dated March 1, 2019 between
Green Rise, its wholly owned subsidiary and Bull Market (the
"Definitive Agreement"), the parties to the Definitive
Agreement have agreed to (i) extend the proposed closing date of
the Transaction until the third (3rd) business day
following the satisfaction or waiver of the conditions for closing
of the Transaction set out in the Definitive Agreement, and (ii)
extend the outside date for the closing date of the Transaction to
July 31, 2019.
Further information regarding the Transaction is provided in
Green Rise's press release dated March 1,
2019, Green Rise's material change report dated March 8, 2019 and the Definitive Agreement, all
of which are available under Green Rise's profile on
www.sedar.com.
ABOUT GREEN RISE
Green Rise is a capital pool company (CPC) formed under the TSXV
CPC program. Green Rise's common shares will remain halted until
Green Rise satisfies the requirements of the TSXV for resuming the
trading of the Green Rise shares or until completion of the
Transaction.
Completion of the Transaction is subject to a number of
conditions including, but not limited to, TSXV acceptance. Where
applicable, the Transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that
the Transaction will be completed as proposed or at all. Investors
are cautioned that, except as disclosed in the Filing Statement
and/or an Information Circular to be prepared in connection with
the Transaction, any information released or received with respect
to the Transaction may not be accurate or complete and should not
be relied upon. Trading in the securities of a capital pool company
should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon
the merits of the proposed Transaction and has neither approved nor
disapproved the contents of this Press
Release.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within
the meaning of applicable securities laws relating to the proposal
to complete the Transaction and associated transactions, including
statements regarding the terms and conditions of the Transaction
and associated transactions. Any such forward-looking statements
may be identified by words such as "expects", "anticipates",
"believes", "projects", "plans" and similar expressions. Readers
are cautioned not to place undue reliance on forward-looking
statements. Actual results and developments may differ materially
from those contemplated by these statements depending on, among
other things, the risks that the parties will not proceed with the
Transaction and associated transactions, that the ultimate terms of
the Transaction and associated transactions will differ from those
that currently are contemplated, and that the Transaction and
associated transactions will not be successfully completed for any
reason (including the failure to obtain the required approvals or
clearances from regulatory authorities). The statements in this
news release are made as of the date of this release. Green Rise
undertakes no obligation to update any such forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on any such
forward-looking statements. Green Rise undertakes no obligation to
comment on analyses, expectations or statements made by third
parties in respect of Green Rise and Bull Market, or their
respective financial or operating results or (as applicable), their
securities.
SOURCE Green Rise Capital Corporation