OR to U.s. News Agencies Huffington Capital Corp.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES
OR TO U.S. NEWS AGENCIES
HUFFINGTON CAPITAL CORP.
1740 - 1177 West Hastings Street
Vancouver, British Columbia V6E 2K3
FOR IMMEDIATE RELEASE T S X - V : H U . H
HUFFINGTON CAPITAL CORP. TRANSFERS TO NEX
Vancouver, British Columbia – August 7, 2018 – Huffington Capit al Corp. (“Huffington”)
announces that the TSX Venture Exchange (the “Exchange”) has ac cepted Huffington’s request
to transfer listing of its common shares to NEX, as a result of Huffington not completing its
Qualifying Transaction (as defined in Exchange policies) within the prescribed time period, and
reinstatement of trading. Huffington’s common shares will be r einstated for trading on NEX
under symbol “HU.H” at opening of market on August 8, 2018.
In connection with the transfer to NEX and as required by Excha nge policy, an aggregate
500,000 common shares in the capital of Huffington beneficially owned by the directors and
officers of Huffington will be cancelled and returned to treasu ry. The remaining aggregate
500,000 common shares in the capital of Huffington beneficially owned by the directors and
officers of Huffington remain subject to escrow in accordance with Exchange policies.
Exchange policy requires that in order to be eligible to list o n NEX and to cancel an amount of
the seed shares purchased by Non-Arm’s Length Parties to the CP C such that the average cost of
the remaining seed shares is at least equal to the CPC’s IPO pr ice, a CPC must obtain majority
shareholder approval exclusive of votes attaching to shares hel d by Non-Arm’s Length Parties to
the CPC. Huffington obtain the required shareholder approval b y way of written consent, in lieu
of holding a shareholder meeting.
Huffington is a capital pool company in accordance with Exchang e Policy 2.4 and its principal
business is the identification and evaluation of assets or busi nesses with a view to completing a
Qualifying Transaction.
For additional information, please contact:
Steve Bajic, President, Chief Executive Officer and Director
Telephone: (604) 288-8906
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Prov ider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains certain statements that may be deeme d “forward-looking statements. Forward looking
statements are statements that a re not historical facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “esti mates”, “projects”, “potential” and similar expressions,
or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Huffington believes the
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ZHR\12868-3\News Release - Transfer to NEX (Huffington July 2018).doc
expectations expressed in such forward-looking statements are b ased on reasonable assumptions, such statements
are not guarantees of future pe rformance and actual results or realities may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Huffington’s
management on the date the statements are made. Except as requ ired by law, Huffington undertakes no obligation
to update these forward-looking statements in the event that ma nagement’s beliefs, estimates or opinions, or other
factors, should change.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NO T
FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO S ELL ANY OF THE SECURITIES DESCRIBE D
HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AN D
WILL NOT BE, REGISTERED UNDER TH E UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM.