/THIS PRESS RELEASE, REQUIRED BY APPLICABLE
CANADIAN LAWS IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR
SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED
HEREIN IN THE UNITED STATES, THESE
SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER
THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, OR ANY SECURITIES LAWS, AND MAY NOT BE OFFERED
OR SOLD IN THE UNITED STATES OR
U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM. /
TORONTO, June 25, 2021 /CNW/ - OV2 Investment 1 Inc. (the
"Corporation") (TSXV: OVO.P), a capital pool company
pursuant to Policy 2.4 (the "CPC Policy") of the TSX Venture
Exchange (the "Exchange"), is pleased to announce that all
matters submitted to shareholders for approval, as set out in
detail in the Corporation's management information circular dated
May 17, 2021 (the "Circular"),
were approved at the annual and special meeting of shareholders of
the Corporation held on June 17,
2021.
Among other things, and in accordance with the CPC Policy,
disinterested shareholders of the Corporation voted in favour of:
(i) the removal of consequences associated with failing to complete
a Qualifying Transaction (as defined in the CPC Policy) within 24
months of the Corporation's listing date; (ii) a new omnibus equity
incentive plan; (iii) the payment of a finder's fee to non-arm's
length parties of the Corporation; and (iv) certain amendments to
the Corporation's escrow agreement, all as more particular set
forth in the Circular (collectively, the "Disinterested
Shareholder Resolutions").
Approval of the Disinterested Shareholder Resolutions was sought
in order for the Corporation to align certain of its policies with
changes to the CPC Policy introduced by the Exchange on
January 1, 2021 and in connection
with the Corporation's proposed Qualifying Transaction with
EasTower Group Inc.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Information
Statements in this press release regarding the Qualifying
Transaction, which are not historical facts, are "forward-looking
statements" that involve risks and uncertainties. Since
forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties.
Actual results in each case could differ materially from those
currently anticipated in such statements.
Completion of the Qualifying Transaction is subject to a
number of conditions, including but not limited to, Exchange
acceptance and if applicable pursuant to Exchange requirements,
majority of the minority shareholder approval. There can be no
assurance that the Qualifying Transaction will be completed as
proposed or at all.
Investors are cautioned that, except as disclosed in the
management information circular or filing statement to be prepared
in connection with the Qualifying Transaction, any information
released or received with respect to the Qualifying 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 not
disapproved the contents of this press release.
SOURCE OV2 Investment 1 Inc.