/NOT FOR DISTRIBUTION TO
The common shares of the Company are expected to begin trading as a Tier 2 Issuer on the
Further to the Company's press release on
Immediately prior to the closing of the Qualifying Transaction, each of the 22,829,500 Subscription Receipts issued pursuant to the Private Placement were automatically converted, without any further action or consideration on the part of the holders, into one unit of
As described in the Company's filing statement dated
Following the completion of the Qualifying Transaction, the board of directors of the Company is now comprised of
In connection with the completion of the Qualifying Transaction, the following corporate actions were completed: (i) the Company changed its name to
About the Company
Rakovina's focus is the development of new cancer treatments based on novel DNA-damage response technologies. The Company's initial research activities focus primarily around the kt-2000 series of PARP inhibitors, acquired by
Additional Information
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. The Company's common shares are currently halted from trading and will remain halted until further notice. In connection with the Qualifying Transaction and pursuant to TSXV requirements, the Company has filed the Filing Statement on SEDAR (www.sedar.com), which contains details regarding the Qualifying Transaction, the amalgamation, the private placement, NewGen and the Company. Further details regarding the Qualifying Transaction are disclosed in the Company's press releases dated
The TSXV has in no way passed upon the merits of the Qualifying Transaction and has neither approved nor disapproved the content of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
The information contained or referred to in this press release relating to NewGen has been furnished by NewGen. Although the Company has no knowledge that would indicate that any statement contained herein concerning NewGen is untrue or incomplete, neither the Company nor any of its respective directors or officers assumes any responsibility for the accuracy or completeness of such information. Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding the Company and its respective business, which may include, but is not limited to, statements with respect to the proposed business plan of the Company and other statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of the Company. The forward-looking events and circumstances discussed in this release, including the trading of the Company's securities on the TSXV, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, economic factors, regulatory factors, the equity markets generally and risks associated with growth and competition. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. '
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