Apolo II Acquisition Corp. Announces Conditional Approval for Its Qualifying Transaction
20 Septiembre 2019 - 8:15PM
Apolo II Acquisition Corp. (“
Apolo” or the
“
Corporation”) (TSXV: APII) is pleased to announce
that the TSX Venture Exchange (the “
TSXV”) has
conditionally accepted its proposed qualifying transaction (the
“
Transaction”) with Terrace Inc.
(“
Terrace”), which, upon completion, will result
in a reverse take-over of Apolo by the shareholders of Terrace. A
preliminary non-offering prospectus in respect of the Transaction
has been prepared and filed under Apolo’s issuer profile on SEDAR
at www.sedar.com.
Terrace was incorporated pursuant to the
provisions of the Business Corporations Act (Ontario) on August 28,
2018. Terrace is a multi-country operator focused on the
development and acquisition of international cannabis assets.
Reference is also made to Apolo’s news releases
dated November 13, 2018, July 17 and July 22, 2019 for additional
information relating to Apolo, Terrace and the Transaction.
Further Information
All information contained in this news release
with respect to Apolo and Terrace was supplied by the parties
respectively, for inclusion herein, and each party and its
directors and officers have relied on the other party for any
information concerning the other party. For further information
regarding the Transaction, please contact:
Apolo II Acquisition Corp. Jeff Hergott, Corporate Secretary
Telephone: 416.361.4783
Terrace Inc.Francisco Ortiz von Bismarck, CEO and
DirectorE-mail: fortizvonbismarck@terraceglobal.ca
Completion of the Transaction is subject to a
number of conditions, including but not limited to, TSXV
acceptance. 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 non-offering prospectus to be prepared 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 TSXV has in no way passed upon the merits of
the proposed transaction and has neither approved nor disapproved
the contents of this news release.
FORWARD-LOOKING STATEMENTS
This news release contains certain
forward-looking statements, including, but not limited to,
statements about the Corporation’s future plans and intentions,
completion of the Transaction and the listing of the resulting
issuer shares on the TSXV. Wherever possible, words such as “may”,
“will”, “should”, “could”, “expect”, “plan”, “intend”,
“anticipate”, “believe”, “estimate”, “predict” or “potential” or
the negative or other variations of these words, or similar words
or phrases, have been used to identify these forward-looking
statements. These statements reflect management’s current beliefs
and are based on information currently available to management as
at the date hereof.
Forward-looking statements involve significant
risk, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to differ materially
from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully and
readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management believes to be
reasonable assumptions, the Corporation cannot assure readers that
actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the
date of this news release, and the Corporation assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by law.
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
release.
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