TORONTO, June 22, 2018 /CNW/ - CANACCORD GENUITY
ACQUISITION CORP. (TSX: CGAC.UN) ("CGAC" or the "Corporation")
is reporting its financial results as at March 31, 2018 and for the period from inception
of the Corporation on June 28, 2017
to March 31, 2018. The Corporation's
audited financial statements along with its management discussion
and analysis (MD&A) and annual information form (AIF) have been
filed on the System for Electronic Document Analysis and Retrieval
("SEDAR") and may be viewed by shareholders and interested parties
under the Corporation's profile at www.sedar.com.
Subsequent to March 31, 2018, the
Corporation announced its proposed merger (the "Merger") with Spark
Power Corp. ("Spark Power"). The Merger will constitute the
Corporation's Qualifying Acquisition. In connection to the
announcement of the Merger, the Corporation and the Sponsor have
entered into a merger agreement dated June
11, 2018, (the "Merger Agreement") with Spark Power and its
shareholders (collectively, the "Vendors"). This subsequent event
has been disclosed in the Corporation's audited financial
statements and its management discussion and analysis
(MD&A).
Further details of this subsequent event are set out in the
Merger Agreement as well as in the investor presentation which were
filed on SEDAR on June 11, 2018. On
June 18, 2018, the Corporation also
filed a preliminary non-offering prospectus containing disclosure
regarding Spark Power and the Merger on SEDAR and with the
securities regulatory authorities in each of the provinces and
territories of Canada (other than
Quebec).
Investor conference call
A conference call with management is scheduled for Thursday, June 28, 2018 at noon ET. During the call, senior management will
comment on the financial results and annual information form.
Interested investors are invited to listen to management's remarks
via telephone at 1-647-427-7450 or 1-888-231-8191 toll free in
North America. Please ask to
participate in the Canaccord Genuity Acquisition Corp. conference
call. If a passcode is requested, please use 2698927.
About Canaccord Genuity Acquisition Corp.
Canaccord Genuity Acquisition Corp is a special purpose
acquisition corporation incorporated under the laws of the Province
of Ontario for the purpose of
effecting an acquisition of one or more businesses or assets, by
way of a merger, amalgamation, arrangement, share exchange, asset
acquisition, share purchase, reorganization, or any other similar
business combination involving the Corporation (a "Qualifying
Acquisition").
About CG Investments Inc.
CG Investments Inc. is the sponsor of CGAC. CG Investments Inc.
is a wholly-owned subsidiary of Canaccord Genuity Group Inc., a
leading independent, full-service financial services firm, with
operations in two principal segments of the securities industry:
capital markets and wealth management.
Forward-Looking Statements
This press release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflects the Corporation's current expectations regarding future
events. Forward-looking information is based on a number of
assumptions and is subject to a number of risks and uncertainties,
many of which are beyond the Corporation's control, that could
cause actual results and events to differ materially from those
that are disclosed in or implied by such forward-looking
information. The Corporation does not undertake any obligation to
update such forward-looking information, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
SOURCE Canaccord Genuity Acquisition Corp.