betterU Education Corp V.BTRU.H

Provides 2ND Update on Closing Timelines of US$100 Million

[Acelove]

OTTAWA, April 30, 2018 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to provide an update on the closing of the US$100M equity investment last announced on April 3^rd, 2018.

The Corporation received an update this morning from Mr. Kenny Ho that the timelines for transfer of funds have been adjusted to be completed on or before May 17th. As previously announced, there are other multiple investments into companies like betterU from the same funding source that has impacted the timelines. This is the explanation for the delay that has been provided to the Corporation.

The consummation of any financing, as contemplated, remains subject to TSXV approval, and among other conditions of the TSXV’s approval, disinterested shareholder approval.

[Urbani]

Got excited when I saw the news release... oh well, check back later. guess the horses will stay in the stable for a bit more. At least BTRU is still getting their operations ready meanwhile.

[kijiji]

watch for a stampede

[Teflon2Hype]

Referring to the "Scammers Bible for Fleecing Sheep" I would lay odds that your next update will state an indefinite hold because of a situation that is out of their control but they "expect" it to be resolved "soon". Then dead air.

[Ventor12]

I think a lot of people think like you, and this also reflects upon the share price. I have shares, but will dump them if they won't finish the deal on or before May 17th. But I feel like this won't happen after reading the press releases and watching a couple interviews. This has been going on for many months. They've had a long time to change their mind, I don't see any reasons