9 Capital Corp. Announces Suspension in Trading of Shares
September 28 2020 - 11:18AM
9 Capital Corp. (the “Company”) today announced that effective at
the market open on September 28, 2020 trading of the common shares
of the Company, under the symbol “NCPL.P”, (the “Shares”) will be
halted, and effective at the market open on September 30, 2020, the
TSX Venture Exchange (the “TSXV”) will be suspending trading of the
Shares as a result of the Company, which is classified as a capital
pool company (“CPC”) under the policies of the TSXV, not completing
a Qualifying Transaction (as such term is defined in the policies
of the TSXV) within 24 months of its date of listing. The Company
will continue to seek a Qualifying Transaction in accordance with
the policies of the TSXV and will provide further updates in due
course.
About the Company
The Company is a CPC within the meaning of the
policies of the TSXV that has not commenced commercial operations
and has no assets other than cash. Except as specifically
contemplated in the CPC policies of the TSXV, until the completion
of its Qualifying Transaction, the Company will not carry on
business, other than the identification and evaluation of
companies, business or assets with a view to completing a proposed
Qualifying Transaction.
For further information please
contact:
Mr. Ben Cubitt President and Chief Executive
OfficerTel. (416) 479-5048
Cautionary Note Regarding
Forward Looking Information
This news release contains statements about the
Company’s expectations regarding any proposed future Qualifying
Transaction of the Company which are forward-looking in nature and,
as a result, are subject to certain risks and uncertainties.
Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, undue reliance
should not be placed on them as actual results may differ
materially from the forward-looking statements. Factors that could
cause the actual results to differ materially from those in
forward-looking statements include general business, economic,
competitive, political and social uncertainties; and the delay or
failure to receive board, shareholder or regulatory approvals. The
forward-looking statements contained in this press release are made
as of the date hereof, and the Company undertakes no obligation to
update publicly or revise any forward-looking statements or
information, except as required by law.
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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