Coloured Ties Capital Inc V.TIE

Reply from Joanna Rodrigues, june 2018

[raypar]

There is the reply from Ms Rodrigues to my three question in first week of June 2018:
GLTA
Raypar
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The AGM was originally scheduled for June 28^th, however its was canceled for logistical reasons.  There are a few items the Company has recently decided to address at this year’s AGM and the June 28th meeting date did not provide us with enough time to include these items in the circular.  The cancelation was not due to any compliance or regulatory issues from the securities commission or the TSX. As per regulations, GrowMax has until September 28, 2018 to hold its AGM (without pre-approval from the TSXV).  A new AGM date will be announced soon, and the circular will be distributed approximately one month prior to the meeting date (as per regulation).

In regards to a transaction, GrowMax’s management team has been actively pursuing a potential transaction that could bring near term cash flow to our company and value to our shareholders. However, we are unable to make any announcements until due diligence is complete and a definitive agreement is signed – both of which take a significant amount of attention and time.

 I hope that you see the company’s efforts to preserve our cash as indicative of our commitment to a successful and accretive acquisition. We firmly believe that those who stick around will be greatly rewarded, but it the meantime, we are conserving our cash, streamlining our operations and focusing on the future of what we will become.
 
As for your question on Vaca Muerta, no the board and management of Americas Petrogas at the time did not negotiate any type of royalty.

Best Regards,
Joanna Rodrigues

Joanna Rodrigues Director, Investor Relations & Internal Communications GrowMax Resources Corp.   2 Bloor Street West, Suite 1900 Toronto, Ontario, M4W 3E2 Main: [phone] Cell:[phone] [e-mail]