TORONTO, Feb. 28, 2019 /CNW/ - Continental Precious
Minerals Inc. (NEX-CZQ.H) ("Continental" or the
"Company") announces that it has issued a statement of claim
in the Ontario Superior Court of Justice (the "Statement of
Claim") against High Speed Interconnects, LLC and related
parties (the "Vendors") in connection with the terminated
transaction described in the Company's press release issued on
February 19, 2019. The Statement of
Claim concerns, among other causes of action, the alleged breach by
the Vendors of certain representations, warranties and covenants in
the securities exchange agreement entered into between the Company
and the Vendors on January 24, 2019.
Pursuant to the Statement of Claim, the Company is seeking various
damages.
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 news
release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information. All
statements other than statements of historical fact are
forward-looking information. The forward-looking information
contained in this press release includes information relating to
the future outcome of the outlined Statement of Claim.The words
"expect," "intend" and similar expressions are intended to identify
forward-looking information, although not all forward-looking
information contain such identifying words. These statements
may relate to business strategy, future operations, prospects,
plans and objectives of management, as well as information
concerning expected actions of third parties. All forward-looking
information involve risks and uncertainties that could cause
actual results to differ materially from those set forth in, or
implied by, such forward-looking information.
SOURCE Continental Precious Minerals Inc.