TORONTO, April 5, 2019
/CNW/ - Capricorn Business Acquisitions Inc. ("Capricorn" or
the "Company") (NEX Board: CAK.H), a capital pool
company, announces that the Company and Blockchain Innovations
Corp. ("BCI") have agreed to terminate a previously
announced letter of intent (the "LOI") between the parties.
For more information on the LOI and transactions contemplated
thereby, please see the Company's news release dated June 21, 2018.
Capricorn will continue to identify and evaluate other
opportunities for the purpose of completing a Qualifying
Transaction under the CPC policy of the TSXV.
About Capricorn
The Company is a NEX listed company and classified as a Capital
Pool Corporation as defined in TSXV Policy 2.4. The Company's
principal business is the identification and evaluation of assets
or businesses with a view to completing a Qualifying Transaction
within the meaning of TSXV policies.
Caution Regarding Forward-Looking Statements
Certain statements in this press release may constitute
"forward looking statements" which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward looking statements. When used
in this press release, such statements may use such words as
"may'', "will'', "expect'', "believe'', "plan'' and other similar
terminology. These statements include, but are not limited to,
expectations regarding the use of proceeds of the Private Placement
and the option repricing. These statements reflect management's
current expectations regarding future events and speak only as of
the date of this press release. The forward-looking statements
involve a number of risks and uncertainties. These risks and
uncertainties include, but are not limited to, the Company's stage
of development, capital requirements and future ability to fund
operations, regulatory requirements, general economic, market or
business conditions. The foregoing list of factors is not
exhaustive. The Company undertakes no obligation to update publicly
or revise any forward-looking statements, whether a result of new
information, future results or otherwise, except as required by
law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy
of this release.
SOURCE Capricorn Business Acquisitions Inc.