TORONTO, Sept. 11, 2018 (GLOBE NEWSWIRE) -- AIM2 Ventures Inc. (TSXV:AIMB.P) (“AIM2”) today announced that Canopy Rivers Corporation (“Canopy Rivers”) intends to grant incentive stock options in connection with the hire of new employees of Canopy Rivers to purchase up to 550,000 subordinated voting shares in the capital stock of Canopy Rivers in advance of AIM2’s “Qualifying Transaction” (as such term is defined in Policy 2.4 of the TSX Venture Exchange (the “TSXV”) Corporate Finance Manual).
Each option will entitle the holder to purchase one subordinated voting share of Canopy Rivers at an exercise price of $3.50, and will expire on the date that is five years from the date of grant. The options granted are subject to the approval of the TSXV and applicable hold and vesting periods.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of AIM2 with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding: (i) the amount and timing of the grant of options; (ii) the engagement of new employees of Canopy Rivers; and (iii) the exercise price of each option.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect AIM2’s respective management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although AIM2 believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of AIM2. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to consummate the Qualifying Transaction; the ability of Canopy Rivers to engage new employees on the terms proposed; changes in general economic, business and political conditions, including changes in the financial markets; as well as the risk factors set out in the AIM2 and Canopy River joint information management circular dated August 8, 2018 (the “Circular”), filed with Canadian securities regulators and available on AIM2’s issuer profile on SEDAR at www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although AIM2 has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. AIM2 does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
For further information, please contact:
| AIM2 Ventures Inc. Zachary Goldenberg Director E-mail: Zach@libertyvp.com |
Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to TSXV acceptance and, if applicable pursuant to TSXV requirements, majority of the minority shareholder approval. Where applicable, the Qualifying Transaction cannot close until the required shareholder approval is obtained. 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 Circular, 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 AIM2 should be considered highly speculative.
The TSXV has in no way passed upon the merits of the Qualifying Transaction and has not approved or disapproved of the contents of this news release.
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.