Cortus Files Filing Statement
Cortus Files Filing Statement
Edmonton, Alberta--(Newsfile Corp. - August 21, 2020) -
Cortus Metals Inc.
(TSXV: CRTS.P)
(
the
"
Company
", or "
Cortus
"),
a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange
(the "
TSX-V
"), announces that it has filed a filing statement dated August 21, 2020 in connection with its
proposed acquisition of the Grayson and Powerline properties (the "
Properties
"), as originally
announced on November 20, 2019 and as updated by press release dated July 15, 2020 (the
"
Transaction
").
The Company anticipates completion of the Transaction and concurrent financing by end of August.
In accordance with TSX-V policies, the Company's shares are currently halted from trading and will
remain so until completion of the Transaction, or until earlier approved by the TSX-V.
On behalf of the Board of Directors
s/ "Sean Mager"
Sean Mager
, Chief Executive Officer
Email:
Telephone: +1.780.701.3215
Forward Looking Information
Completion of the transaction is subject to a number of conditions, including but not limited to, TSX-V
acceptance and if applicable pursuant to TSX-V requirements, majority of the minority shareholder
approval. Where applicable, the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the transaction, any information released or received with
respect to the transaction may not be accurate or complete and should not be relied upon. Trading in
the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction
and has neither approved nor disapproved the contents of this press release.
This News Release includes certain "forward-looking statements". All statements other than
statements of historical fact, included in this release, including, without limitation, future plans and
objectives of the Company, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's expectations are the
risks detailed herein and from time to time in the filings made by the Company with securities
regulators including the following: (i) the Company has no commercial operations and has no history
of profit; (ii) investment in the common shares of the Company is highly speculative given the
unknown nature of the Company's business and its present stage of development; (iii) there is no
assurance that the Company will find a profitable undertaking or that it can successfully conclude a
purchase of such an undertaking at all or on terms which are commercially acceptable; (iv) the
directors and officers of the Company will only devote a portion of their time to the business and affairs
of the Company and some of them are or will be engaged in other projects or businesses such that
conflicts of interest may arise from time to time; and (v) there can be no assurance that an active and
liquid market for the Company's common shares will develop and an investor may find it difficult to
resell its common shares. This list is not exhaustive of the factors that may affect any of the
Company's forward-looking statements. These and other factors should be considered carefully and
readers should not place undue reliance on the Company's forward-looking statements. Although the
Company believes that the assumptions and factors used in preparing the forward-looking information
in this news release are reasonable, undue reliance should not be placed on such information, which
only applies as of the date of this news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, other than as required by law.
Neither 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/62309