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Tailwind Capital cancels Synergy Disc merger

2019-12-09 09:16 ET - News Release

Mr. Kevin Baker reports

TAILWIND CAPITAL CORPORATION ANNOUNCES TERMINATION OF ITS PROPOSED QUALIFYING TRANSACTION WITH SYNERGY DISC REPLACEMENT INC.

Further to Tailwind Capital Corp.'s press releases dated Sept. 21, 2018, and March 28, 2019, the company has terminated its proposed qualifying transaction (QT) with Synergy Disc Replacement Inc.

Efforts aimed at securing the minimum financing required to commence United States 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 Capital Corp.

Tailwind is a capital pool company governed by the policies of the TSX-V. The principal business of Tailwind is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

We seek Safe Harbor.

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