Calgary, Alberta--(Newsfile Corp. - March 26, 2024) - Sayward Capital Corp. (TSXV: SAWC.P) (the "Corporation") a capital pool company under TSX Venture Exchange ("TSXV") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), announces that the business combination agreement between the Corporation, 2372845 Alberta Ltd., a wholly-owned subsidiary of the Corporation, and Midex Resources Ltd. ("Midex"), dated June 13, 2023 (the "Definitive Agreement"), as amended, and as further described in press releases dated June 13, 2023, October 3, 2023 and December 19, 2023, has been terminated due to unfavourable market conditions affecting Midex. In accordance with the terms of the Definitive Agreement, notwithstanding the aforementioned termination, Midex shall be responsible for reimbursing Sayward for certain of its costs and fees incurred in connection with the proposed transactions under the Definitive Agreement of $135,000.
The Corporation is continuing to identify and evaluate assets and businesses with a view to completing its "Qualifying Transaction" (as such term is defined in Policy 2.4).
The Corporation's common shares are listed on the TSXV under the symbol "SAWC.P". Trading in the common shares of the Corporation has been halted since February 24, 2023. The Corporation has applied to the TSXV to resume trading of its common shares, which were previously halted from trading pending completion of the proposed transaction.
For further information, please contact:
Sayward Capital Corp.
Luke Caplette, Director
Sayward Capital Corp.
Email: lukecaplette@hotmail.com
Forward-Looking Information Cautionary Statement
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Corporation's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the evaluation of assets and businesses and the Corporation's expectation as to the resumption of trading of its common shares on the TSXV constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this press release are made as of the date hereof. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203199
SOURCE: Sayward Capital Corp.
