/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES NOR FOR DISSEMINATION IN THE
UNITED STATES./
TSX.V Symbol: TRM
VANCOUVER, Sept. 19, 2019 /CNW/ - Trueclaim Exploration Inc.
(TSXV: TRM) ("Trueclaim" or
the "Company") is pleased to announce that
it has received conditional approval from the Canadian Securities
Exchange (the "CSE") for listing following the completion of
its previously announced reverse take-over transaction (the
"Transaction") with New Wave Esports Corp. ("New Wave
Esports"), an esports and competitive gaming company
incorporated under the laws of British
Columbia.
Assuming the Transaction is completed, trading on the CSE under
the new name "New Wave Esports Corp." is expected to commence in
late-October, after final approval is obtained from the CSE. It is
anticipated that New Wave Esports will trade under the ticker
"NWES", subject to final CSE approval.
Final approval remains subject to, among other things, receipt
of shareholder approval by Trueclaim, delisting of Trueclaim's
common shares from the TSX Venture Exchange (the
"Delisting"), and completion of the Transaction. There can
be no guarantees that the Transaction will be completed as
contemplated or at all.
"We are excited to lead and bring our companies and teams
forward and onto the public playing field," says Dan Mitre, CEO of
New Wave Esports. "With New Wave Esports going public and merging
with Trueclaim it will give the public and our communities an
opportunity to invest, and gain exposure to the growing world of
esports."
For further details on the Transaction please see the Company's
news releases dated June 18, 2019 and
March 15, 2019. Further information
regarding the listing date will be provided in a subsequent press
release.
The CSE does not accept responsibility for the adequacy or
accuracy of this release.
About New Wave Esports Corp.
New Wave Esports (NWE) is
an esports and competitive gaming company that provides capital and
support services to esports organizations, teams, leagues, events,
platforms, tools, and technology innovators.
New Wave Esports has leadership teams located in Toronto, Ontario and Los Angeles, California.
For more company information and contact details, visit
http://newwaveesports.com
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has in any way passed on the merits of the
Transaction, and neither has in any way approved or disapproved of
the contents of this press release.
Forward-Looking Information Disclaimer
This press release contains certain forward-looking information
and statements that reflect the current view and/or expectations of
management of each of the parties to the Transaction based on
information currently available to the parties with respect to
performance, business and future events, including, but not limited
to, express or implied statements and assumptions regarding the
parties' mutual intention to complete the Transaction and regarding
the terms and conditions relating thereto. The use of any of the
words "may", "could", "would", "might", "intend", "plan", "expect",
"believe", "contemplate", "anticipate", "will", "projected",
"estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and statements and are based on current
expectations, beliefs, assumptions, estimates and forecasts about
the business and the industry and markets in which each party
operates, and as to the outcome and timing of any such future
events. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors which are difficult to predict, such that actual
future results and outcomes may differ materially therefrom. In
particular, there is no guarantee that the parties will
successfully complete the Transaction in the manner contemplated
herein, if at all, or that the parties will obtain any required
board, shareholder, third-party and/or regulatory approvals, if
any. Accordingly, the reader should not place undue reliance on
forward-looking statements and information in this press release,
which are qualified in their entirety by this cautionary statement.
Trueclaim disclaims any intention or obligation to update or revise
any forward-looking information or statements herein, whether as a
result of new information, future events or otherwise, other than
as required by applicable securities laws
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities in the United States. The securities described
herein have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws, and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available. This press release is not for
distribution to U.S. newswire services nor for dissemination in
the United States. Any failure to
comply with this restriction may constitute a violation of U.S.
securities laws.
SOURCE Trueclaim Exploration Inc.
