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Alpha Peak Announces Amendments to Share Purchase Agreements with Certain Shareholders of Alpha Peak
March 29, 2019 11:59 AM EDT | Source: Fiddlehead Resources Corp.
Richmond, British Columbia--(Newsfile Corp. - March 29, 2019) - Alpha Peak Leisure Inc. (TSXV: AAP) ("Alpha Peak" or the "Company") announced today that the outside completion date of the sale of the shares of its wholly-owned subsidiary, Total Wonder Enterprises Limited ("TWEL") has been extended from March 30, 2019 to June 30, 2019. To facilitate the extension, Alpha Peak has reached an agreement on amendments to the relevant share purchase agreements made as of December 21, 2018 (the "Share Purchase Agreements") with certain shareholders of the Company. All other terms and conditions of the Share Purchase Agreements remain in force without amendment.
About Alpha Peak
Alpha Peak, via its wholly-owned subsidiary, Total Wonder Enterprises Limited, has a 40-year operating and development right with the Hailuo Valley Scenic Area Administration for Swallows' Gully, a national scenic location in China encompassing an area of approximately 593 km2.
For more information, please contact:
Jin Huang, Corporate Secretary
Telephone: (86) 1376173979
Email: jin.huang@alphapeak.ca
Forward-Looking Information
Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are "forward-looking statements", including with respect to the receipt of regulatory and other approvals, the satisfaction of conditions precedent to closing of the Transaction, the payment of the Distribution, the Distribution Record Date, the ability of Alpha Peak to implement the Distribution, Stated Capital Reduction and Transaction on the terms described or at all, as well as the financial condition and status of Alpha Peak after the Transaction. There can be no assurance that such statements will prove accurate. Capitalized terms used and not otherwise defined herein have the meanings given to them in the management information circular dated December 21, 2018 ("Circular").
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Alpha Peak in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, including, without limitation, the risk factors set out in the Circular, and undue reliance should not be placed on such statements and information. Except as otherwise required by applicable law, Alpha Peak expressly disclaims any intention or obligation to update publicly any forward-looking information, 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43768