NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 12, 2019 (GLOBE NEWSWIRE) -- Evermount Ventures Inc. (the “Company”) (TSXV NEX: ETV.H) announces that, further to the Company’s news release dated January 12, 2018, the Company and SW Tech Corporation (“SW Tech”) have agreed to terminate the letter of intent (the “Letter of Intent”) dated January 9, 2018. The transaction contemplated under the Letter of Intent with SW Tech was to be the Company’s qualifying transaction.
The Company will continue to seek other opportunities to complete the Company’s qualifying transaction.
About Evermount Capital Corp.
Evermount Capital Corp., a capital pool company within the meaning of the Policy of the TSXV, was incorporated in British Columbia on April 16, 2012 and listed on the TSXV on December 21, 2012. It does not have any operations and has no assets other than cash. Evermount’s business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction (as such term defined in the Policy) within 24 months of listing. As Evermount was unsuccessful in completing a Qualifying Transaction prior to the deadline, effective January 19, 2016, Evermount’s listing was transferred to the NEX board of the TSXV.
For further information, please contact:
Gee Ming Chiang
Chief Executive Officer and Director
Telephone: (604) 763-7786
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes the intention of the Company to seek other opportunities in respect of a potential qualifying transaction and to request the Exchange to reinstate the Company’s common shares for trading. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing, the volatility of the Company’s common share price and volume, the potential for conflicts of interest among certain officers or directors with certain other projects, refusal of the proposed directors or officers to act for any reason, including conflicts of interest, and reliance on key and qualified personnel. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of the adequacy or accuracy of this press release.