Newstrike Resources Ltd. Files Filing Statement Regarding Business Combination with HPI Holdings Ltd.
TORONTO, ONTARIO--(Marketwired - May 19, 2017) - Newstrike Resources Ltd. (TSX VENTURE:NR)
("Newstrike") is pleased to announce that it has filed a filing statement (the "Filing
Statement") regarding its proposed business combination with HPI Holdings Ltd. ("HPI"), as previously
announced in Newstrike's press release dated February 8, 2017 (the "Transaction").
The Transaction will be structured as a three-cornered amalgamation pursuant to which HPI will amalgamate with a wholly-owned
subsidiary of Newstrike to form an amalgamated entity, which will continue as a wholly owned subsidiary of Newstrike. For further
information, please see the Filing Statement, which is available under Newstrike's issuer profile on SEDAR at www.sedar.com. Closing of the Transaction is expected to occur on or about May 26, 2017, or
such other date as Newstrike and HPI may determine.
The completion of the Transaction is subject to a number of conditions, including but not limited to receipt of all required
regulatory consents, including final TSX Venture Exchange ("TSXV") acceptance, and satisfaction of other
customary closing conditions. Trading in the common shares of Newstrike will remain halted pending further filings with the
TSXV. The common shares of Newstrike will resume trading following publication of the Final Exchange Bulletin by the TSXV in
respect of the closing of the Transaction.
There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that,
except as disclosed in the Filing Statement, any information released or received with respect to the Transaction may not be
accurate or complete and should not be relied upon.
Forward-Looking Information
This press release contains "forward-looking information" for the purposes of applicable securities laws, which is based upon
Newstrike's on current expectations. Statements about the closing of the Transaction and the parties' ability to satisfy closing
conditions and receive necessary approvals are statements containing forward-looking information. These statements should not be
read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements to be materially different from those implied by such
statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the
Transaction will be completed or that, if the Transaction is completed, it will be completed on the terms anticipated. Newstrike
assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required
by law.
Neither 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.