Toronto, Ontario--(Newsfile Corp. - September 27, 2024) - Woodbridge Ventures II Inc. (TSXV: WOOD.P) ("Woodbridge" or the "Corporation") announces that the previously announced letter of intent, between Woodbridge and Sparq Naturals, Inc. ("Sparq"), dated November 17, 2022, in respect of the proposed business combination between Woodbridge and Sparq (the "Proposed Transaction"), as further described in the press release dated November 22, 2024, has been terminated in accordance with its terms.
Woodbridge continues to evaluate other opportunities and candidates for the completion of a Qualifying Transaction as described by Policy 2.4 of the TSX Venture Exchange (the "Exchange"). Woodbridge has applied to the Exchange to resume trading of its common shares, which were previously halted from trading pending completion of the Proposed Transaction.
For Further Information, Contact:
Raphael Danon, President, CEO & Director
(416) 884-0840
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.
Notice on Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts". "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this press release, forward-looking statements relate, among other things, to: the resumption of trading of Woodbridge's common shares. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder, court or regulatory approvals, including approval from the Exchange. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Woodbridge assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein 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 registration requirements.
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SOURCE: Woodbridge Ventures II Inc.
