Trius Reactivates to the TSX Venture Exchange
05 August 2020 - 2:16AM
Trius Investments Inc. (TSXV: TRU.H) (“Trius” or the “Company”) is
pleased to announce that it has obtained final acceptance of the
TSX Venture Exchange (“TSXV”) in respect of its application for
reactivation and graduation to the TSXV from the NEX Board of the
TSXV as a Tier 2 investment issuer (the “Reactivation”). Effective
August 6, 2020, trading in the Company’s common shares will take
place on the TSXV under the trading symbol “TRU”.
The Company’s application for Reactivation was
based on Trius re-attaining compliance with applicable TSXV listing
requirements. The Reactivation does not constitute a “Reverse
Takeover” or “Change of Business” for purposes of TSXV
Policies.
The Reactivation is intended to continue Trius’
momentum following recent positive corporate developments,
including: advancing a $1,250,000 secured loan to Revive Organics
Inc., a ready-to-eat meals business, as announced on March 20,
2020; amending its Investment Policy to provide additional
flexibility, as announced on May 14, 2020; completing a $500,000
private placement financing, as announced on May 25, 2020; and
investing in Pasofino Gold Limited (TSXV:VEIN) for exposure to the
mining sector, and in particular precious metals, as announced on
July 28, 2020.
Completing the Reactivation and re-listing on
TSXV is expected to enhance Trius’ market visibility and permit it
to pursue a wider range of investment structures and financing
sources.
About Trius Investments
Inc.Trius is an investment issuer searching for new
investments and/or business opportunities. Trius’ common shares are
being reinstated for trading on the TSX Venture Exchange under the
symbol “TRU”.
Trius is a portfolio company of Resurgent
Capital Corp. (“Resurgent”), a merchant bank providing venture
capital markets advisory services and proprietary financing.
Resurgent works with promising public and pre-public
micro-capitalization Canadian companies.
For further information, please contact: Joel
FreudmanPresident & Chief Executive OfficerTrius Investments
Inc.Phone: (647) 880-6414
Cautionary Statements
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains certain
forward-looking statements, including statements regarding
potential benefits of the Reactivation. These statements are based
on numerous assumptions believed by management to be reasonable in
the circumstances, including that Trius will be able to take
advantage of greater opportunities following its TSXV re-listing,
and are subject to a number of risks and uncertainties, including
without limitation: inability to source, structure and/or execute
investments or transactions on favourable terms or at all; need for
additional financing; regulatory approval processes; and those
other risks described in the Company’s continuous disclosure
documents. Actual results may differ materially from results
contemplated by the forward-looking statements herein. Investors
and others should carefully consider the foregoing factors and
should not place undue reliance on such forward-looking statements.
The Company does not undertake to update any forward-looking
statements herein except as required by applicable securities
laws.
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