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NowVertical Group Inc. — Capital/Financing Update 2021
Feb 15, 2021
47594_rns_2021-02-15_dbe1d482-ebff-4528-ad8f-d44172519c0f.pdf
Capital/Financing Update
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GOOD2GO CORP. ANNOUNCES TERMINATION OF PREVIOUSLY ANNOUNCED PROPOSED QUALIFYING TRANSACTION
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
TORONTO, ONTARIO – February 12, 2021 – Good2Go Corp. (TSXV: GOTO.P) (“ G2G ” or the “ Corporation ”), a capital pool company, announces the termination of its proposed business combination (the “ Transaction” ) as previously announced with Magical Brands Inc. (“ Magical Brands ”), which was intended to constitute G2G’s "Qualifying Transaction" as such term is defined in Policy 2.4 of the TSX Venture Exchange (“ TSXV ”).
The Corporation will continue to pursue and evaluate other businesses and assets with a view to completing a Qualifying Transaction and will make further announcements with respect to these efforts as soon as practically possible.
About Good2Go Corp.
The Corporation is incorporated under the Business Corporations Act (Ontario) and is a capital pool company listed on the TSXV. The Corporation has no commercial operations and has no assets other than cash. For further information please see the final prospectus of the Corporation dated June 21, 2018, filed on SEDAR at www.sedar.com.
For further information please contact:
James Cassina Chief Executive Officer (416) 364-4039
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws, which involves known and unknown risks, uncertainties and other factors relating to the proposal to complete the Qualifying Transaction and associated transactions that may cause actual events to differ materially from current expectations. Readers are cautioned to not place undue reliance on forwardlooking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Qualifying Transaction and associated transactions, that the ultimate terms of the Qualifying Transaction, and associated transactions will differ from those that currently are contemplated, and that the Qualifying Transaction and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities).
Completion of the Qualifying Transaction is subject to a number of conditions including, but not limited to, Exchange acceptance, the availability of funds, the results of Financing efforts, the parties' due diligence reviews, and general market conditions. There can be no assurance that the transaction will be completed as proposed or at all. Other conditions that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com ). Readers are cautioned not to place undue reliance on these forward-looking
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statements, which are made only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.