TORONTO, Jan. 25, 2022 /CNW/ - Victory Capital Corp.
(TSXV: VIC.P) (the "Company" or "Victory"), announces
with great sadness the passing of David
Jones, co-founder of Acapulco Gold Corp.
("Acapulco"), the target company of the proposed qualifying
transaction with the Company (the "Transaction"), and a
proposed director and member of the geological team of the
anticipated listed issuer.
The Company's and Acapulco's thoughts are with David's family at
this difficult time.
Further to the Company's news releases dated, February 8, 2021, August
6, 2021, October 14 2021,
November 9, 2021, and December 9, 2021 with respect to the Transaction,
Acapulco and Victory expect to constructively work with David's
estate towards the completion of the proposed Transaction.
About Victory Capital Corp.
Victory is a capital pool company created pursuant to the
policies of the Exchange. It does not own any assets, other than
cash or cash equivalents and its rights under the merger agreement
for the Proposed Transaction. The principal business of Victory is
to identify and evaluate opportunities for the
acquisition of an interest in
assets or businesses and, once
identified and evaluated, to negotiate an
acquisition or participation subject to acceptance by the Exchange
so as to complete a Qualifying Transaction in accordance with the
policies of the Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS:
Zelong (Roger) He
Chief Executive Officer
Email: roger.he@ppse.me
Forward-Looking Information
This news release contains certain forward-looking statements
within the meaning of Canadian securities laws, including
statements regarding the expectation of the completion of the
proposed reverse takeover transaction. Forward-looking statements
are based on estimates and assumptions made by Victory in light of
its experience and perception of current and expected future
developments, as well as other factors that Victory believes are
appropriate in the circumstances. Many factors could cause
Victory's results, performance or achievements to differ materially
from those expressed or implied by the forward looking statements,
including: failure to receive all the necessary approvals to
completed the proposed transaction. Forward-looking statements are
based on the expectations and opinions of the Company's management
on the date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise.
The forward-looking information contained in this news release
represents the expectations of the company as of the date of this
news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While the company may elect to, it does not undertake
to update this information at any particular time except as
required in accordance with applicable securities legislation.
Neither the 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 press release.
SOURCE Victory Capital Corp.