Effective at the open on Wednesday, June 24, 2020, trading in the company's shares will resume.
This resumption of trading does not constitute acceptance of the reverse takeover and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The company is required to submit all of the required initial documentation relating to the reverse takeover within 75 days of the issuance of the news release. If this documentation is not provided or is insufficient, a trading halt may be reimposed.
Completion of the transaction is subject to a number of conditions, including, but not limited to, exchange acceptance and shareholder approval. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt may be reimposed.
For further information, refer to the company's news releases dated Jan. 28, 2020, April 7, 2020, and June 22, 2020, regarding the proposed acquisition of DrawDown Detection Inc.
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