Savanna Capital Corp. Executes Amendment to Business Combination Agreement With Varianz Corp.
2019年12月3日 - 7:01AM
Savanna Capital Corp. (“
Savanna”), a capital pool
company as defined under Policy 2.4 – Capital Pool Companies of the
TSX Venture Exchange (the “
Exchange”), announces
that effective November 29, 2019, it has executed an amendment (the
“
Amendment”) to the business combination agreement
dated August 30, 2019 (the “
Definitive
Agreement”) between Savanna and Varianz Corp.
(“
Varianz”), to extend the termination date from
November 30, 2019 to January 22, 2020.
All other terms of the Definitive Agreement
remain in full force and effect and unamended.
About Savanna
Savanna is a Capital Pool Company (as defined in
the policies of the Exchange) listed on the Exchange. Savanna has
no material liabilities, approximately $180,000 in cash, 4,600,000
common shares and 460,000 options issued and outstanding.
Further Information
For further information regarding the proposed
transaction, please contact:
Savanna Capital Corp.Kenny ChoiTel: (416) 861-2262E-mail:
Kenny.choi@fmresources.ca
Varianz Corp.Alejandro JimenezTel: (+57) 314 220-5410Email:
IR@varianz.co
Certain statements in this release are
forward-looking. Forward-looking statements consist of statements
that are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, as well as other factors beyond
the Company's control. The Company does not undertake to update any
forward looking information, except in accordance with applicable
securities laws.
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.
Savanna Capital (TSXV:SAC.P)
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