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MONTREAL, May 10, 2021 /CNW/ - Bold Capital
Enterprises Ltd. (TSXV: BOLD.P) ("BOLD" or the
"Corporation"), a capital pool company, announces that it
terminated on May 5, 2021 its
proposed business combination (the "Transaction") as
previously announced with Dymedso Inc. ("Dymedso"), dated
April 29,2020 which was intended to
constitute Bold's "Qualifying Transaction" as such term is defined
in Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange
("TSXV").
The Corporation will continue to pursue and evaluate other
businesses and assets with a view to completing a Qualifying
Transaction and will make further announcements with respect to
these efforts as soon as practically possible.
Accordingly, the Corporation will be seeking shareholder
approval at its upcoming annual general and special meeting to be
held on June 29, 2021 for certain
amendments to further align its policies with changes recently
announced by the TSXV to its Capital Pool Company program and
Policy 2.4, effective as of January 1,
2021. The amendments will be detailed in the Corporation's
management information circular prepared in connection with the
meeting.
The Corporation would also like to announce the naming of
Ed Ierfino to the Board of
Directors. We welcome Ed and the experience he can bring to
the immediate work ahead in evaluating prospective Qualifying
Transactions.
The Corporation would also like to thank Denis Bouchard and Octavio Soares, previous directors who have
tendered their resignations as Directors and did not wish to
continue in that role.
About Bold Capital Enterprises Ltd.
The Corporation is incorporated under the Canada Business
Corporations Act and is a capital pool company listed on the TSXV.
The Corporation has no commercial operations and has no assets
other than cash. For further information please see all relevant
documents, filed on SEDAR at www.sedar.com.
Forward-Looking Statements
The information in this news
release includes certain information
and statements about management's view of
future events that constitute forward-looking statements, including
statements relating to BOLD's next Qualifying Transaction. These
statements are based upon assumptions that are subject to
significant risks and uncertainties. Because of these risks and
uncertainties and as a result of a variety of factors, the actual
results or performance of BOLD may differ materially from those
anticipated and indicated by these statements. Although BOLD
believes that the expectations reflected in forward-looking
statements herein are reasonable, it can give no assurances that
such statements will be correct. Except as required by law, BOLD
disclaims any intention and assumes
no obligation to update or
revise any forward-looking statements herein.
The Exchange has in no
way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the
contents of this press release.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of
the Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Fasken (Sub-client account)