AVANTE LOGIXX INC. PROVIDES UPDATE ON THE PROPOSED ARRANGEMENT WITH SSC SECURITY SERVICES CORP.
25 March 2022 - 9:41AM
Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF)
(“
Avante” or the “
Company”) today
provided an update on the timing of the special meeting (the
“
Special Meeting”) of shareholders of Avante
(“
Shareholders”) previously scheduled to be held
on April 19, 2022, in connection with the proposed acquisition of
all of the issued and outstanding common shares of Avante by SSC
Security Services Corp. (“
SSC”) by way of a
statutory plan of arrangement under the Business Corporations Act
(Ontario) (the “
Transaction”).
The Company has been in discussions with its
significant Shareholders with respect to the Transaction and has
agreed with SSC to postpone the Special Meeting for the time being.
The Company expects to provide a further update on the Transaction
in due course. Any meeting materials that may be received by
Shareholders with respect to the Special Meeting should be
disregarded.
About Avante Logixx Inc.
Avante Logixx Inc. (TSXV: XX) is a Toronto based
provider of high-end security services. We acquire, manage and
build industry leading businesses which provide specialized,
mission-critical solutions that address the needs of our customers.
Our businesses continuously develop innovative solutions that
enable our customers to achieve their objectives. With an
experienced team and a proven track record of solid growth, we are
taking steps to establish a broad portfolio of security businesses
to provide our customers and shareholders with exceptional returns.
Please visit our website at www.avantelogixx.com and consider
joining our investor email list.
About SSC
Security Services Corp.
SSC Security Services Corp. (TSXV: SECU) (OTCQX:
SECUF) is a leading provider of physical and cyber security
services to corporate and public sector clients across Canada. For
more information, please visit www.securityservicescorp.ca.
Avante Logixx Inc.
Craig CampbellCEO(416)
923-6984craig@avantelogixx.com
This news release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities described herein in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. This news release does not constitute an offer of
securities for sale in the United States. The securities described
herein have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and such securities may
not be offered or sold within the United States absent registration
under U.S. federal and state securities laws or an applicable
exemption from such U.S. registration requirements.
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 release.
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