Sayward Capital Corp. Announces Termination of Amalgamation Agreement with Field Safe Solutions Inc.
Calgary, Alberta--(Newsfile Corp. - March 24, 2022) - Sayward Capital Corp. (TSXV: SAWC) (the "Corporation")a capital pool company under TSX Venture Exchange ("TSXV") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), announces that the amalgamation agreement between the Corporation, 2372845 Alberta Ltd., a wholly-owned subsidiary of the Corporation, and Field Safe Solutions Inc. ("Field Safe"), dated September 20, 2021, as amended (the "Amalgamation Agreement"), and as previously announced by the Corporation on September 21, 2021, has been terminated due to unfavourable market conditions affecting Field Safe.
The Corporation is continuing to identify and evaluate assets and businesses with a view to completing its "Qualifying Transaction" (as such term is defined in Policy 2.4).
The Corporation's common shares are listed on the TSXV under the symbol "SAWC". Trading in the common shares of the Corporation has been halted since July 27, 2021. Trading will remain halted until, among other things, the Corporation completes a "Qualifying Transaction", or such earlier time as the TSXV may permit in accordance with Policy 2.4.
For further information, please contact:
Sayward Capital Corp.
Luke Caplette, Director
Sayward Capital Corp.
Forward-Looking Information Cautionary Statement
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Corporation's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the evaluation of assets and businesses and the Corporation's expectation as to the resumption of trading of its common shares on the TSXV constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this press release are made as of the date hereof. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
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