Not for distribution to United States newswire companies or for dissemination within the United States.
VANCOUVER, British Columbia, Nov. 14, 2022 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) (“VST” or the “Company“) is happy to announce that the TSX Venture Exchange (“TSXV”) has conditionally accredited the reverse-takeover transaction (the “Transaction”) pursuant to a merger settlement dated efficient July 12, 2022 (the “Merger Agreement”), between Perihelion Capital Ltd. (“PCL”), IV Hydreight Inc. (“Hydreight”), VST, 1362795 B.C. Ltd., a wholly-owned subsidiary of VST, (“AssetCo”), and 1203500 B.C. Ltd., a wholly-owned subsidiary of PCL, (collectively, the “Parties”), which can represent the Qualifying Transaction (as such time period is outlined in Policy 2.4 — Capital Pool Companies of Corporate Finance Manual of the TSX Venture Exchange (the “Exchange”)) of PCL, and that PCL and Hydreight has filed a submitting assertion in respect of the Transaction dated efficient November 10, 2022, on PCL’s SEDAR profile (the “Filing Statement”).
For further data concerning the Transaction, please see the Filing Statement, obtainable on the SEDAR profile of PCL at www.sedar.com.
About Victory Square Technologies Inc.
VST builds, acquires and invests in promising startups, then offers the senior management and assets wanted to fast-track development. The consequence: speedy scale-up and monetization, with a strong observe report.
VST’s candy spot is the cutting-edge tech that is shaping the fourth industrial revolution. Our portfolio consists of 20+ world corporations utilizing AI, VR/AR and blockchain to disrupt sectors as various as fintech, insurance, well being and gaming.
ON BEHALF OF THE BOARD OF DIRECTORS
Shafin Tejani
Director and Chief Executive Officer
For additional details about the Company, please contact:
Investor Relations Contact – Abbey Vogt
Email: [email protected]
Telephone: 604 283-9166
Media Relations Contact – Peter Smyrniotis, Director
Telephone: 604 283-9166
The Canadian Securities Exchange has neither accredited nor disapproved the contents of this information launch and accepts no duty for the adequacy or accuracy hereof.
This press launch doesn’t represent a proposal of securities on the market within the United States. The securities being provided haven’t been, nor will they be, registered underneath the United States Securities Act of 1933, as amended, and such securities might not be provided or offered throughout the United States absent U.S. registration or an relevant exemption from U.S. registration necessities.
Completion of the Transaction is topic to plenty of circumstances, together with however not restricted to TSXV acceptance, completion of the circumstances precedent thereto together with any financing necessities, and, if relevant pursuant to the TSXV necessities, majority of the minority shareholder approval. Where relevant, the Transaction can not shut till the required shareholder approval is obtained. There will be no assurance that the Transaction shall be accomplished as proposed or in any respect.
Investors are cautioned that, besides as disclosed within the administration data round or submitting assertion to be ready in reference to the Transaction, any data launched or acquired with respect to the Transaction might not be correct or full and shouldn’t be relied upon.
Neither the TSX Venture Exchange (the “TSXV“) nor Canadian Securities Exchange has in any method handed upon the deserves of the Transaction and has not accredited or disapproved of the contents of this information launch.
Cautionary Note Regarding Forward-Looking Information
This press launch incorporates statements which represent “forward-looking information” throughout the that means of relevant securities legal guidelines, together with statements concerning the plans, intentions, beliefs and present expectations of the Company with respect to future business actions and working efficiency. Forward-looking data is usually recognized by the phrases “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or comparable expressions and contains data concerning: expectations concerning whether or not the Transaction shall be consummated, whether or not the circumstances precedent to the Transaction shall be accomplished, together with whether or not circumstances to the consummation of the circumstances precedent to the Transaction will be happy, or the timing for finishing the Transaction and the circumstances precedent to the Transaction.
Investors are cautioned that forward-looking data is just not based mostly on historic details however as an alternative replicate the Company’s administration’s expectations, estimates or projections regarding future outcomes or occasions based mostly on the opinions, assumptions and estimates of administration thought-about cheap on the date the statements are made. Although the Company believes that the expectations mirrored in such forward-looking data are cheap, such data entails dangers and uncertainties, and undue reliance shouldn’t be positioned on such data, as unknown or unpredictable elements might have materials hostile results on future outcomes, efficiency or achievements of the mixed firm. Among the key elements that might trigger precise outcomes to differ materially from these projected in the forward-looking data are the next: the flexibility to consummate the Transaction and/or the circumstances precedent to the Transaction; the flexibility to acquire requisite regulatory and different approvals and the satisfaction of different circumstances to the consummation of the Transaction and/or the circumstances precedent to the Transaction on the proposed phrases and schedule; the potential affect of the announcement or consummation of the Transaction and/or the circumstances precedent to the Transaction on relationships, together with with regulatory our bodies, staff, suppliers, clients and rivals; adjustments generally financial, business and political circumstances, together with adjustments within the monetary markets; adjustments in relevant legal guidelines; compliance with in depth authorities regulation; and the diversion of administration time on the Transaction and/or the circumstances precedent to the Transaction. This forward-looking data could also be affected by dangers and uncertainties within the business of the Company, PCL and Hydreight and market circumstances.
Should one or extra of these dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking data show incorrect, precise outcomes might differ materially from these described herein as supposed, deliberate, anticipated, believed, estimated or anticipated. Although the Company has tried to determine vital dangers, uncertainties and elements which might trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or supposed. The Company doesn’t intend, and doesn’t assume any obligation, to replace this forward-looking data besides as in any other case required by relevant regulation.
