Each Subscription Receipt will, in connection with the completion of the Proposed Transaction and the terms of the Subscription Receipt Agreement, entitle the holder to receive, without the payment of additional consideration or taking of further action, one common share in the capital of Emerge (an 'Emerge Share'), subject to adjustment pursuant to the terms of the Subscription Receipt Agreement. Each Emerge Share will immediately be cancelled and a common share in the capital of the Corporation following the completion of the Proposed Transaction (the 'Resulting Issuer') will be issued as consideration in accordance with the terms of the Proposed Transaction. In connection with the Subscription Receipt Financing,
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including statements about the Corporation's future plans and intentions and completion of the Proposed Transaction. 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 - 2 - 00397843-3 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 press 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 press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Contact:
Email: ghassan@emerge-brands.com
(C) 2020 Electronic News Publishing, source