Timeless Capital Corp. Announces Expiry of Letter of Intent
Calgary, Alberta--(Newsfile Corp. - May 14, 2019) - Timeless Capital Corp. (TSXV: TLC.P) ("Timeless" or the "Company"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies, announces that the previously announced letter of intent dated November 5, 2018, as amended January 29, 2019, between Timeless and OpTown Properties Ltd. ("OpTown"), a private company incorporated under the Business Corporations Act (Alberta), has expired. As a result, the Company's proposed qualifying transaction with OpTown will not be proceeding.
Timeless will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction. Timeless cannot offer any assurances that a qualifying transaction will be completed.
For further information:
Fadim Gadallah, CEO
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