REGINA, SK, Jan. 11, 2021 /CNW/ - Input Capital Corp.
("Input" or the "Company") (TSX-V: INP) (US: INPCF) is pleased to
announce that it has received conditional acceptance from the TSX
Venture Exchange (the "Exchange") for the acquisition (the
"Acquisition") of all of the issued and outstanding common shares
of SRG Security Resource Group Inc. ("SRG") as previously announced
on December 14, 2020. Final
acceptance of the Acquisition is subject to the Company meeting
certain filing requirements with the Exchange.
The full text of the Share Purchase Agreement (the "Agreement")
may be found under Input's issuer profile at www.sedar.com.
Assuming all of the closing conditions in the Agreement are
satisfied or waived, including approval of the Exchange, closing is
expected in or around February 2021.
Upon closing, SRG will become a wholly-owned subsidiary of the
Company.
About Input
Input is primarily an agriculture commodity streaming company
providing several flexible and competitive forms of financing which
help western Canadian farmers solve working capital, mortgage
finance and canola marketing challenges and improve the financial
position of their farms. As of May 2019, Input postponed
capital deployment into new streaming contracts while the Company
explored new profitable business opportunities to invest determined
through Input's strategic alternatives process. On December
14, 2020, Input announced that it had entered into a binding share
purchase agreement with SRG Security Resource Group Inc., a
privately-held, market-leading Canadian provider of Cyber Security
and physical Protective Security Services.
About SRG
SRG is a privately-held, market-leading Canadian provider of
world-class Cyber Security and physical Protective Security
Services. Founded in 1996, most of SRG's employees are located in
Western Canada, but solutions and
services are provided to organizations across the country. SRG
clients include federal and provincial governments, Crown
corporations, and many high profile corporate and public sector
clients such as hospitals, airports, utility companies and police
forces. More information is available at
https://securityresourcegroup.com.
More information can be found in the disclosure documents filed
by Input with the securities regulatory authorities, available
at www.sedar.com and on Input's website at
www.inputcapital.com.
Forward Looking Statements
This release includes forward-looking statements regarding
Input and its business. Such statements are based on the current
expectations and views of future events of Input's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting Input, including risks regarding the
agricultural industry, economic factors and the equity markets
generally, the Company's inability to consummate the acquisition of
SRG, the anticipated timing and completion of the Acquisition,
non-satisfaction of the conditions to the Acquisition (including
the approval of the TSX Venture Exchange), risks associated with
the anticipated benefits of the Acquisition to Input and its
shareholders, uncertainties concerning the Company's future plans
and intentions with respect to its business, risks and
uncertainties relating to Input's and SRG's businesses, and many
other factors beyond the control of Input (including the ongoing
COVID-19 pandemic). No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are
based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statement or
information. Accordingly, readers should not place undue reliance
on any forward-looking statements or information. Except as
required by applicable securities laws, forward-looking statements
speak only as of the date on which they are made and Input
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
SOURCE Input Capital Corp.