GREY:SIXWF - Post by User
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lscfaon Feb 16, 2023 8:23am
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Termination of Proposed Transaction with AES
Termination of Proposed Transaction with AES HAKKEN Capital Corp. Announces Termination of Proposed Qualifying Transaction with Advanced Extraction Systems Inc.
VANCOUVER, British Columbia – February 15, 2023 HAKKEN Capital Corp. (TSXV: HAKK.P) (the “Company” or “HAKKEN”), a capital pool company listed on the TSX Venture Exchange (the “Exchange”), announces that the proposed qualifying transaction (“Qualifying Transaction”) pursuant to the Exchange Policy 2.4 Capital Pool Companies (the “CPC Policy”) with Advanced Extraction Systems Inc. (“AESI”) has been terminated in accordance with terms of the nonbinding letter of intent dated June 28, 2022 entered into by the Company and AESI, which was previously announced on July 11, 2022.
The Company intends to immediately resume its search for a target business for its Qualifying Transaction. The Company has applied to the Exchange for a resumption of trading of its common shares.