/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S.
NEWSWIRES/
TORONTO, Aug. 29, 2019 /CNW/ - Green Rise Capital
Corporation ("Green Rise") (TSX VENTURE: GRCC.P), a capital
pool company, is pleased to announce that it has received
conditional approval from the TSX Venture Exchange (the
"TSXV") in respect of its previously announced qualifying
transaction with Bull Market Farms Inc. ("Bull Market")
pursuant to Policy 2.4 - Capital Pool Companies of the TSXV
(the "Transaction"). In connection with the Transaction and
pursuant to TSXV requirements, Green Rise has filed a filing
statement (the "Filing Statement") dated August 29, 2019 on SEDAR (www.sedar.com). The
Transaction, which remains subject to the fulfillment of all of the
requirements of the TSXV, is expected to close in September 2019 following satisfaction or waiver
of all closing conditions set forth in the definitive agreement
dated March 1, 2019 as amended on
June 7, 2019 and August 2, 2019 between Green Rise, its wholly
owned subsidiary, Green Rise Foods (Leamington) Acquisition Corp., and Bull
Market, previously filed on SEDAR.
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
filed 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 INFORMATION
This press 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