Tailwind Capital Corporation Announces Termination of its Proposed Qualifying Transaction with Synergy Disc Replacement Inc.
Tailwind Capital Corporation Announces Termination of its
Proposed Qualifying Transaction with Synergy Disc Replacement Inc.
CALGARY, ALBERTA – December 9, 2019
Further to Tailwind Capital Corporation ’s (“Tailwind”, TSX VENTURE: TW.P) press
releases dated September 21, 2018 and March 28, 2019, Tailwind announces the termination of
its proposed Qualifying Transaction (“QT”) with Synergy Disc Replacement Inc. (“Synergy”).
Efforts aimed at securing the minimum financing required to commence US 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
Tailwind is a capital pool company governed by the policies of the TSXV. The principal
business of Tailwind is the identification and evaluation of assets or businesses with a view to
completing a qualifying transaction.
Notice regarding forward-looking statements:
This release may include forward-looking statements regarding Tailwind which may include, but
is not limited to, statements with respect t o pursuing opportunities to complete a qualifying
transaction. Often, but not always, forward -looking statements can be identified by the use of
words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”,
“anticipates”, “believ es”, “proposes” or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results “may”, “could”, “would”,
“might” or “will” be taken, occur or be achieved. No forward -looking statement can be
guaranteed. Except as required by applicable securities laws, forward -looking statements speak
only as of the date on which they are made and Tailwind and Synergy undertake no obligation to
publicly update or revise any forward-looking statement, whether as a result of new information,
future events, or otherwise.
Neither the 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.
Contact:
Tailwind Capital Corporation
Kevin Baker
President and Chief Executive Officer
403-476-7010