CALGARY,
AB, June 24, 2021 /CNW/ - HOIST CAPITAL CORP.
(TSXV: HTE.P) (the "Corporation") announces that at a special
meeting of shareholders held earlier today, that approval from
disinterested shareholders was obtained for the Corporation to
obtain the benefits under TSX Venture Exchange (the "Exchange")
Policy 2.4 Capital Pool Companies implemented on
January 1, 2021. These benefits
include: (i) continuing the listing of the common shares on the
venture board of the Exchange; (ii) the non-cancellation of seed
shares held by certain non-arm's length parties to the Corporation;
and (iii) amending the Exchange Form 2C Escrow Agreement entered
into by certain non-arm's length parties to provide for accelerated
escrow release terms over a period of 18 months.
About the Corporation
The Corporation is a CPC within the meaning of Policy 2.4 that
has not commenced commercial operations and has no assets other
than cash. Except as specifically contemplated in the CPC Policy,
until the completion of a Qualifying Transaction the Corporation
will not carry on business, other than the identification and
evaluation of companies, business or assets with a view to
completing a Qualifying Transaction. Investors are cautioned that
trading in the securities of a CPC is considered highly
speculative.
NEITHER 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 PRESS RELEASE.
Forward-Looking Information
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, the
approval of disinterested shareholders of matters under the New CPC
Policy at the general and special shareholder meeting and the
future business of the Corporation. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "is expected", "expects" or "does not
expect", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", "believes", or
variations of such words and phrases; or terms that state that
certain actions, events, or results "may", "could", "would",
"might", or "will be taken", "could occur", or "be achieved".
Forward-looking information is based on the opinions and estimates
of management at the date the information is made, and is based on,
a number of assumptions and is subject to known and unknown risks,
uncertainties and other factors, including but not limited to the
timing of obtaining the necessary approvals of the shareholders and
the TSXV. Although the Corporation has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated, or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. The Corporation does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS
IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO SELL ANY
OF THE SECURITIES DESCRIBED HEREIN IN THE
UNITED STATES, THESE SECURITIES HAVE NOT BEEN, AND WILL NOT
BE, REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1993, AS AMENDED, OR ANY SECURITIES
LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM .
SOURCE Hoist Capital Corp.