Calgary, Alberta--(Newsfile Corp. - December 9, 2019) - Further to Tailwind Capital Corporation's (TSXV: TW.P) ("Tailwind") press releases dated September 21, 2018 and March 28, 2019, Tailwind announces the termination of its proposed Qualifying
Transaction ("QT") with Synergy Disc Replacement Inc. ("Synergy").
Efforts aimed at securing the minimum financing required to commence US clinical trials were unsuccessful which led to the parties mutually agreeing to terminate the proposed transaction.
Tailwind continues to pursue opportunities with a view to completing a qualifying transaction. Tailwind expects that its common shares will resume trading on the facilities of the TSX Venture Exchange in the near future.
About Tailwind
Tailwind is a capital pool company governed by the policies of the TSXV. The principal business of Tailwind is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.
Notice regarding forward-looking statements:
This release may include forward-looking statements regarding Tailwind which may include, but is not limited to, statements with respect to pursuing opportunities to complete a qualifying transaction. Often, but not always, forward-looking statements
can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they
are made and Tailwind and Synergy undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither the 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.
Contact:
Tailwind Capital Corporation
Kevin Baker
President and Chief Executive Officer
403-476-7010
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/50546