Rebel Capital Inc. Announces Termination of Qualifying Transaction
Rebel Capital Inc. Announces Termination of
Qualifying Transaction
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.
VANCOUVER, British Columbia, Oct. 31 , 2019 (GLOBE NEWSWIRE) -- Rebel Capital Inc.
(“Rebel” or the “Corporation”) (TSXV: RBL.P), a capital pool company listed on the TSX Venture
Exchange (the “TSXV”), wishes to announce that it will not be proceeding with its previously
announced Qualifying Transaction (as defined in the CPC Policy) (see press release dated
September 30, 2019), as certain conditions of the Transaction were not met by the required dates.
On October 29, 2019, DLC Pittsburgh Data Center 1 LLC, a wholly owned subsidiary of Rebel,
terminated the proposed acquisition of a property (the “Property”) located in Pittsburgh,
Pennsylvania containing a 91,790 square foot data center with a three- storey connected 43,800
square foot office property on an approximately 7.65 acre site (the “Proposed Transaction”).
The Proposed Transaction was intended to constitute Rebel’s “Qualifying Transaction” in
accordance with TSXV Policy 2.4 – Capital Pool Companies.
For further information, please contact:
Craig Lindsay
Tel: (604) 218-0550
Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forw ard-looking statements and information that are based on the
beliefs of management and reflect the Company’s current expectations. When used in this press
release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”,
“may” or “should” and the negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and information. The forward-
looking statements and information in this press release includes the intention of the Company to
seek other opportunities in respect of a potential qualifying transaction. By their nature, forward-
looking statements involve known and unknown risks, uncertainties and other factors which may
cause actual results, performanc e or achievements, or other future events, to be materially
different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the following risks: the need for
additional financing, the volatility of the Company’s common share price and volume and reliance
on key and qualified personnel. Forward-looking statements are made based on management’s
beliefs, estimates and opinions on the date that statements are made and the Company
undertakes no obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change. Investors are cautioned against attributing undue
certainty to forward-looking statements.
About Rebel
Rebel is incorporated under the provisions of the Business Corporations Act (British Columbia)
with its registered and head office in Vancouver, British Columbia. Rebel is a “reporting issuer” in
the provinces of Ontario, British Columbia and Alberta. Rebel Shares are listed for trading on the
TSXV under the symbol “RBL.P”.
SOURCE: Rebel Capital Inc.