Accend Capital Receives Conditional Approval of TSX Venture Exchange for Silverside Cobalt Property Acquisition and Files Filing Statement
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2017) - Accend Capital Corporation (TSXV: ADP.H) (the "Company") is pleased to announce that it has received conditional acceptance of the TSX Venture Exchange (the "Exchange") for its proposed acquisition (the "Transaction") of the Silverside cobalt property (the "Property"). The Transaction constitutes a "Qualifying Transaction" for the Company under Exchange Policy 2.4 - Capital Pool Companies, and includes an option to acquire a further 2,400 hectares surrounding the Property.
The Company has filed on SEDAR its filing statement, dated October 2, 2017, relating to the Transaction (the "Filing Statement"), and a technical report prepared for the Company in respect of the Property. Readers are encouraged to review the Filing Statement and the technical report under the Company's SEDAR profile at www.sedar.com, which provides detailed information about the Transaction and the Property. The Company will issue a further news release once the Exchange issues its final bulletin announcing the closing of the Transaction and the date that trading in the common shares of the Company will commence on the Exchange.
On behalf of the Board,
Accend Capital Corporation
Andy Edelmeier, Chief Executive Officer
Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSX Venture 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 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.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for cobalt and certain precious metals, changes in exploration costs and government regulation in Canada and the Province of Ontario, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.