Termination of Letter of Intent
Termination of Letter of Intent
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
TORONTO, January 20 , 2020 ( GLOBE NEWSWIRE) -- AIM3 Ventures Inc. (TSXV:AIMC.P)
(“AIM3” or the “Company”) announces that the Company and Southern Sun Pharma Inc. (“SSP”)
have agreed to terminate the letter of intent dated January 21, 2019, as supplemented May 15,
2019 and October 29, 2019 (collectively, the “Letter of Intent ”) in respect of a pr oposed
transaction between the Company and SSP (the “ Proposed QT”). No deposit, loan or cash
advance was made by the Company to SSP in connection with the Letter of Intent.
AIM3 will continue to pursue and evaluate other businesses and assets with a view to completing
its qualifying transaction and will make further announcements with respect to these efforts as
soon as practically possible.
If you have any queries regarding this press release, please contact:
AIM3 Ventures Inc.
Zachary Goldenberg
Chief Executive Officer
E-mail: [email protected]
Phone: 647-987-5083
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
About AIM3 Ventures
AIM3 was incorporated under the Business Corporations Act (Ontario) and is a Capital Pool
Company (as defined in the policies of the TSX Ventures Exchange (the “Exchange”)) listed on
the Exchange. AIM3 has no commercial operations and no assets other than cash.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute “forward-looking information” within the
meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs
and current expectations of the management of the Company with respect to future business
activities. Forward-looking information is often identified by the words “may”, “would”, “could”,
“should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions.
Although the Company believes that the expectations reflected in such forward- looking
information are reasonable, such information involves involve significant risk, uncertainties and
assumptions. Many factors could cause actual results, performance or achievements to differ
materially from the results discussed or implied in the forward-looking information. These factors
should be considered carefully and readers should not place undue reliance on forward- looking
information.
Investors are cautioned that forward-looking information is not based on historical facts but
instead reflect the management of the Company ’s expectations, estimates or projections
concerning future results or events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are made. The Company does
not intend, and does not assume any obligation, to update this forward-looking information except
as otherwise required by applicable law.