Cryptologic Corp. Announces Extension of Outside Date FOR Fundamental Change
CRYPTOLOGIC CORP. ANNOUNCES EXTENSION OF OUTSIDE DATE
FOR FUNDAMENTAL CHANGE
TORONTO, Ontario, May 18, 2021 – Cryptologic Corp. (CSE:CRY) (the “Company” or
“Cryptologic”) announces that it has extended the outside date for closing the proposed
acquisition of Copenhagen Minerals Inc., which owns 100% of a mineral exploration
license known as the Storø Gold Project (the “ Proposed Acquisition”) from May 15,
2021 to May 31, 2021.
Completion of the Proposed Acquisition remains subject to a number of closing
conditions, including the approval of the Canadian Stock Exchange (“ CSE”). There can
be no assurance that the Proposed Acquisition will be completed as proposed or at all.
For further details, please refer to the press releases of the Company dated April 14,
2021, March 22, 2021 and January 28, 2021 available on SEDAR at www.sedar.com.
Listing Statement and Caution
Further details about the Proposed Acquisition and the resulting issuer following
completion of the Proposed Acquisition will be provided in a listing statement of the
Company that is prepared and filed in respect of the Proposed Acquisition. Investors are
cautioned that, except as disclosed in such listing statement, any information released or
received with respect to the Proposed Acquisition may not be accurate or complete and
should not be relied upon.
For information please contact:
Dale Johnson
Director
(647) 715-3707.
About Cryptologic Corp.
Cryptologic Corp. is currently a shell company that previously divested all of its
cryptocurrency mining assets and operations and has been exploring acquisition
opportunities in sectors outside of cryptocurrency mining.
Cautionary Note Regarding Forward-Looking Information
This news release includes forward-looking information and statements, which may
generally be identified by the use of the words “will”, “intention”, “expects”, “is expected
to”, “subject to”, “anticipates” and variations or similar expressions and which include,
but are not limited to, information and statements regarding or inferring the future
business, operations, financial performance, prospects, and other plans, intentions,
expectations, estimates, and beliefs of the Company. Such statements include those
relating to the Proposed Acquisition.
Forward-looking information and statements involve and are subject to assumptions and
known and unknown risks, uncertainties, and other factors which may cause actual
events, results, performance, or achievements of the Company to be materially different
from future events, results, performance, and achievements expressed or implied by
forward-looking information and statements herein. Such assumptions, risks,
uncertainties and other factors include, but are not limited to, that the Proposed
Acquisition is not completed on the terms and timelines anticipated by the Company or
at all, that all necessary regulatory and stock exchange approvals will be received in
connection with the Proposed Acquisition on the timelines anticipated or at all, that all
other conditions to closing the Proposed Acquisition will be satisfied in the manner and
on the timelines anticipated or at all.
Although the Company believes that any forward-looking information and statements
herein are reasonable, in light of the use of assumptions and the significant risks and
uncertainties inherent in such information and statements, there can be no assurance
that any such forward-looking information and statements will prove to be accurate, and
accordingly readers are advised to rely on their own evaluation of such risks and
uncertainties and should not place undue reliance upon such forward-looking information
and statements. In particular, the completion of the Proposed Acquisition is subject to
the satisfaction of certain conditions and uncertainties (including CSE acceptance) and
the Company can offer no assurance that the Proposed Acquisition will be completed on
the terms, conditions and timelines anticipated by the Company or at all.
Any forward-looking information and statements herein are made as of the date hereof,
and except as required by applicable laws, the Company assumes no obligation and
disclaims any intention to update or revise any forward-looking information and
statements herein or to update the reasons that actual events or results could or do
differ from those projected in any forward looking information and statements herein,
whether as a result of new information, future events or results, or otherwise, except as
required by applicable laws.
The Company cautions that the foregoing list of important factors and assumptions is not
exhaustive and other factors could also adversely affect its results. For more information
on the risks, uncertainties and assumptions that could cause the Company’s actual
results to differ from current expectations, please refer to the “Risk Factors” section of
the Company’s Circular as well as the Company’s other public filings, available at
www.sedar.com.
The CSE has not reviewed, approved or disapproved the content of this news release.