VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 8, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Technical Ventures RX Corp. ("Technical") (TSX VENTURE:TIK.P) is pleased to announce that further to its press release dated September 23, 2014 regarding an increase to its previously announced financing, an amended and restated information circular dated September 30, 2014 ("Amended Circular") for the special meeting of Technical shareholders to be held in Calgary, Alberta on November 5, 2014 has been filed on SEDAR. Technical shareholders should disregard the information circular dated August 29, 2014. The Amended Circular has been approved by the TSX Venture Exchange ("Exchange") and has been updated with new disclosure regarding the increased financing.
The financing will raise minimum gross proceeds of $3,000,000 and maximum gross proceeds of $3,500,000 and will close concurrently with the closing of the Technical's previously announced qualifying transaction with TheraVitae Inc. ("Qualifying Transaction").
Closing of Qualifying Transaction
Final acceptance of the Qualifying Transaction by the Exchange is subject to the satisfaction of certain conditions, including fulfilling all of the remaining filing requirements under the Exchange's policies, completion of the financing, obtaining the requisite approval from shareholders, and receipt of a final court order approving the plan of arrangement.
Description of Significant Conditions to Closing
Completion of the Qualifying Transaction is subject to a number of conditions, as noted above. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Amended Circular, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Qualifying Transaction and associated transactions and has neither approved nor disapproved of the contents of this press release. |