Apolo III Acquisition Corp. Termination of Letter of Intent
02 Oktober 2019 - 8:38PM
Apolo III Acquisition Corp. (“
Apolo” or the
“
Corporation”) (TSXV: AIII.P) announces that the
letter of intent dated May 16, 2019 (the “
Letter of
Intent”) in respect of a proposed transaction between
Apolo and Latitude Global Cannabis Inc.
(“
Latitude”) has terminated in accordance with its
terms as a result of the proposed transaction not being completed
within certain specified time periods. No deposit, loan or
cash advance was made by the Corporation to Latitude in connection
with the Letter of Intent.
Apolo will continue to pursue and evaluate other
businesses and assets with a view to completing a transaction and
will make further announcements with respect to these efforts as
soon as practically possible.
Trading of the common shares of the Corporation
is expected to resume trading on TSX Venture Exchange, subject to
regulatory approval, on or about Monday, October 7, 2019.
For further information please
contact:
Apolo III Acquisition Corp. Jeff Hergott, Corporate
SecretaryTelephone: 416.361.4783Email: jhergott@wildlaw.ca
Neither the Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
FORWARD LOOKING STATEMENTS
This news release contains certain
forward-looking statements, including, but not limited to,
statements about the Corporation’s future plans and intentions, and
the resumption of trading in its common shares. Wherever possible,
words such as “may”, “will”, “should”, “could”, “expect”, “plan”,
“intend”, “anticipate”, “believe”, “estimate”, “predict” or
“potential” or the negative or other variations of these words, or
similar words or phrases, have been used to identify these
forward-looking statements. These statements reflect management’s
current beliefs and are based on information currently available to
management as at the date hereof.
Forward-looking statements involve significant
risk, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to differ materially
from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully and
readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management believes to be
reasonable assumptions, the Corporation cannot assure readers that
actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the
date of this news release, and the Corporation assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by law.
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