TORONTO, June 18, 2020 /CNW/ - Mira X Acquisition Corp.
("Mira X") (TSXV: MIRA.P) announces that after determining
that the regulatory requirements to complete the transaction, as
structured, may not be completed on a timely basis, Mira X
and Field Trip Psychedelics Inc. ("Field Trip") have
mutually agreed to terminate the previously announced letter of
intent dated June 15, 2020. As a
result, Mira X's proposed qualifying transaction with Field Trip
will not proceed.
Field Trip has advised Mira X that it intends to pursue an
alternative listing transaction.
Mira X will continue to search for prospective opportunities to
complete its qualifying transaction and maximize value for
shareholders.
Notice on forward-looking statements:
This press release includes forward-looking information within
the meaning of Canadian securities laws regarding Mira X. Often but
not always, forward-looking information can be identified by the
use of words such as "expect", "intends", "anticipated", "believes"
or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may",
"could", "would" or "will" be taken, occur or be achieved. Such
statements are based on the current expectations and views of
future events of management, and are based on assumptions and
subject to risks and uncertainties. Although management believes
that the assumptions underlying these statements are reasonable,
they may prove to be incorrect. The forward-looking events and
circumstances discussed in this press release, may not occur and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the company, including risks
regarding the industry, market conditions, economic factors and the
equity markets generally. Although Mira X 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. Accordingly, readers should not place undue
reliance on any forward-looking statements or information. 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 Mira X does not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
Mira X is a capital pool company governed by the policies of the
TSXV. The principal business of Mira X is the identification and
evaluation of assets or businesses with a view to completing a
Qualifying Transaction.
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 Mira X Acquisition Corp.
