/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE
UNITED STATES./
TORONTO, Nov. 29, 2018 /CNW/ - Victory Capital Corp.
(TSXV: VIC.P) ("Victory") announces that it has terminated
its proposed transaction with Gravitas Ilium Corporation
("GIC") which would have resulted in a reverse take-over of
Victory (the "Transaction") (see news release July 9,
2018 ). Victory will continue to seek a qualifying transaction in
accordance with the policies of the TSX Venture Exchange (the
"TSXV") and will provide further updates in due course.
No deposit or cash advance was made by Victory to GIC in
connection with the Transaction.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
CAUTIONARY NOTE REGARDING FORWARD‐LOOKING
INFORMATION:
This news release contains "forward‐looking information" and
"forward‐looking statements" (collectively, "forward‐looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward‐looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward‐looking
statements. In this news release, forward‐looking statements
relate, among other things, to any proposed future qualifying
transaction of Victory. Forward‐looking statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results
and future events to differ materially from those expressed or
implied by such forward‐looking statements. Such factors include,
but are not limited to: general business, economic, competitive,
political and social uncertainties; and the delay or failure to
receive board, shareholder or regulatory approvals. 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 the forward‐looking statements and
information contained in this news release. Except as required by
law, Victory assumes no obligation to update the forward‐looking
statements of beliefs, opinions, projections, or other factors,
should they change, except as required by law.
SOURCE Victory Capital Corp.