Victory Provides Corporate Update
Victory Provides Corporate Update
TORONTO, December 6, 2019 – Victory Capital Corp. (TSXV: VIC.P) (the “Company” or “Victory”), a capital
pool company pursuant to TSX Venture Exchange (the “ Exchange”) Policy 2.4 – Capital Pool Companies
(the “CPC Policy”), announces that the deadline for the Company to complete its Qualifying Transaction,
as defined in the CPC Policy (“ QT”), was November 25, 2019 (the “Effective Date”). As the Company did
not complete a QT prior to the Effective Date, the common shares of the Company were suspended from
trading at the opening on November 29, 2019. Notwithstanding the foregoing, the Company continues to
evaluate various acquisition opportunities with a view to completing a QT in accordance with the CPC
Policy as soon as practicable.
Termination of Letter of Intent with EquineX
The Company announces that further to its press release dated June 21, 2019, the letter of intent (“LOI”)
between Victory and 1788938 Ontario Ltd., operating as EquineX North America to complete a QT has
been terminated in accordance with the provisions of the LOI and the transaction contemplated therein
will not proceed. As noted above, the Company will continue to evaluate opportunities with a view to
completing a QT.
Resignation of Mike Marrandino
Victory announces that effective September 24, 2019 , Mike Marrandino resigned from the board of
directors of the Company. The Company would like to thank Mr. Marrandino for his valuable contributions
to the Company and wish him success in his future endeavors. At this time, the Company will not be filling
the board vacancy created by Mr. Marrandino’s resignation.
About Victory Capital
Victory was incorporated on November 6, 2009 pursuant to the Business Corporation Act (Ontario) and is
classified as a Capital Pool Corporation as defined in Policy 2.4 of the TSX Venture Exchange Inc. Corporate
Finance Manual. For more information, contact Chris Frostad, Chief Executive Officer, Victory Capital Corp.
Forward-Looking Statements
This news release con tains certain statements that may constitute forward -looking information under
applicable securities laws. All statements, other than those of historical fact, which address activities,
events, outcomes, results, developments, performance or achievements t hat Victory anticipates or
expects may or will occur in the future (in whole or in part) should be considered forward -looking
information. Such information may involve, but is not limited to, comments with respect to strategies,
expectations, planned opera tions and future actions of the Company. Often, but not always, forward -
looking information can be identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "beli eves" or variations
(including negative variations) of such words and phrases, or statements formed in the future tense or
indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other
variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is
based on currently available competitive, financial and economic data and operating plans, strategies or
beliefs as of the date of this news release, but involve known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results, performance or achievements of Victory
to be materially different from any future results, performance or achievements expressed or implied by
the forward-looking information. Such factors may be based on information currently available to Victory,
including information obtained from third-party industry analysts and other third-party sources, and are
based on management's current expectations or beliefs regarding future growth, results of operations,
future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and
all forward-looking information contained in this press release is expressly qualified by this cautionary
statement.
Investors are cautioned that, except as disclosed in the Filing Statement any information released or
received with respect to the reverse take -over may not be accurate or complete and should not be relied
upon. Trading in the securities of the Corporation should be considered highly speculative.
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.
The securities of the Corporation have not been and will not be registered under the United States
Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requ irement. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
Contact
Chris Frostad
Chief Executive Officer
Victory Capital Corp