/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES NOR FOR DISSEMINATION IN THE
UNITED STATES./
TSX.V Symbol: TRM
VANCOUVER, Sept. 20, 2019 /CNW/ - Trueclaim Exploration Inc.
(TSXV: TRM) ("Trueclaim" or the "Company") is pleased
to announce the results of its Annual and Special Meeting of
Shareholders (the "Meeting") held on September 20, 2019, in Vancouver, British Columbia. At the Meeting,
all matters presented for approval by management were duly approved
and authorized, including:
- the approval of the Company's previously announced reverse
take-over transaction (the "Transaction") with New Wave
Esports Corp. ("New Wave Esports"), an esports and
competitive gaming company incorporated under the laws of
British Columbia;
- the election of Byron Coulthard,
Anthony Viele, Matthew Fish and Pritpal
Singh as directors of the Company until the Company's next
annual general meeting or until such time as their successors are
duly elected or appointed in accordance with the Company's
constating documents;
- the appointment of MNP LLP as the auditor of the Company for
the ensuing year;
- the adoption of the Company's new stock option plan contingent
upon, and effective after, closing the Transaction;
- the adoption of the Company's new restricted share unit plan
contingent upon, and effective after, closing the Transaction;
- the voluntary delisting of the Company's common shares (the
"Common Shares") from the TSX Venture Exchange; and
- the listing of the Common Shares on the Canadian Securities
Exchange (the "CSE").
For further details on the Transaction please see the Company's
news releases dated June 18, 2019 and
March 15, 2019. There can be no
guarantees that the Transaction will be completed as contemplated
or at all.
Further information regarding the listing of the Common Shares
on the CSE will be provided in a subsequent press release.
The CSE does not accept responsibility for the adequacy or
accuracy of this release.
About New Wave Esports Corp.
New Wave Esports (NWE) is
an esports and competitive gaming company that provides capital and
support services to esports organizations, teams, leagues, events,
platforms, tools, and technology innovators.
New Wave Esports has leadership teams located in Toronto, Ontario and Los Angeles, California.
For more company information and contact details, visit
http://newwaveesports.com
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has in any way passed on the merits of the
Transaction, and neither has in any way approved or disapproved of
the contents of this press release.
Forward-Looking Information Disclaimer
This press release contains certain forward-looking information
and statements that reflect the current view and/or expectations of
management of each of the parties to the Transaction based on
information currently available to the parties with respect to
performance, business and future events, including, but not limited
to, express or implied statements and assumptions regarding the
parties' mutual intention to complete the Transaction and regarding
the terms and conditions relating thereto. The use of any of the
words "may", "could", "would", "might", "intend", "plan", "expect",
"believe", "contemplate", "anticipate", "will", "projected",
"estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and statements and are based on current
expectations, beliefs, assumptions, estimates and forecasts about
the business and the industry and markets in which each party
operates, and as to the outcome and timing of any such future
events. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors which are difficult to predict, such that actual
future results and outcomes may differ materially therefrom. In
particular, there is no guarantee that the parties will
successfully complete the Transaction in the manner contemplated
herein, if at all, or that the parties will obtain any required
board, shareholder, third-party and/or regulatory approvals, if
any. Accordingly, the reader should not place undue reliance on
forward-looking statements and information in this press release,
which are qualified in their entirety by this cautionary statement.
Trueclaim disclaims any intention or obligation to update or revise
any forward-looking information or statements herein, whether as a
result of new information, future events or otherwise, other than
as required by applicable securities laws
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities in the United States. The securities described
herein have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws, and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available. This press release is not for
distribution to U.S. newswire services nor for dissemination in
the United States. Any failure to
comply with this restriction may constitute a violation of U.S.
securities laws.
SOURCE Trueclaim Exploration Inc.