Newton Energy Corporation Announces Termination of Letter of Intent for a Proposed Reverse Takeover Transaction
18 January 2019 - 9:30AM
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NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR
DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES
Newton Energy Corporation (TSXV:NTN.H) (the
“
Company” or “
Newton”) announces
that it has entered into a termination agreement with respect to
the non-binding letter of intent with Verano Holdings, LLC
previously announced on December 4, 2018. The Company continues to
pursue opportunities for a potential acquisition.
ON BEHALF OF THE BOARD
NEWTON ENERGY CORPORATION
Gino DeMichelePresident and Chief Executive
OfficerPhone: (403) 680-7898
Neither the NEX nor its Regulation Services
Provider (as that term is defined in the policies of the NEX)
accepts responsibility for the adequacy or accuracy of this news
release.
DISCLAIMER FOR FORWARD-LOOKING
INFORMATION
Certain statements in this press release are
forward-looking statements and are prospective in nature.
Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. These
statements generally can be identified by the use of
forward-looking words such as “may”, “should”, “will”, “could”,
“intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe’’ or
“continue”, or the negative thereof or similar variations.
Forward-looking statements in this news release include statements
regarding the completion of the Proposed Transaction, the listing
of the shares of the Resulting Issuer on the CSE and the
anticipated business plan of the Company subsequent to completion
of the Proposed Transaction. Although management of the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward looking information. The
Company assumed no obligation to update any forward-looking
statements or forward-looking information that are incorporated by
reference herein, except as required by applicable securities
laws.
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