Trusted Brand 2016 Inc. Updates Status of Qualifying Transaction
December 20 2017 - 7:17PM
Trusted Brand 2016 Inc. ("
Trusted Brand" or the
"
Corporation") (TSX-V:HAH.P), a capital pool
company listed on the TSX Venture Exchange (the
“
Exchange”), announces that its previously
announced letter of intent with Holmes Services Companies has been
terminated and the proposed acquisition will not proceed.
As part of the termination of the letter of
intent, Trusted Brand will receive a termination fee of $25,000
from Holmes Services Companies. The Corporation will resume the
process of identifying and evaluating businesses and assets with a
view to completing a Qualifying Transaction.
Trading in Trusted Brand shares on the Exchange
is currently halted.
For further information, please contact:
Trusted Brand 2016 Inc.Karen StewartPresident
and Chief Executive OfficerTelephone: (403) 561-3355Email:
karen@thekarenstewartgroup.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release includes certain
"forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements with respect to the future business and
operations of Trusted Brand. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to: general business, economic,
competitive, political and social uncertainties; and the delay or
failure to receive applicable Board, shareholder or regulatory
approvals. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. These
forward-looking statements are made as of the date hereof and
Trusted Brand disclaims any intent or obligation to update publicly
any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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