Harbour Star Capital Inc. to Complete Qualifying Transaction on TSX Venture Exchange

Calgary, Alberta (FSCwire) - Harbour Star Capital Inc. “TSXV:HSC.P” (“Harbour Star” or the “Company”), an Alberta capital pool corporation listed on the TSX Venture Exchange (the “Exchange”), is pleased to announce that it has received conditional acceptance from the Exchange for its Qualifying Transaction with 1011705 BC Ltd., doing business as EastWest Bioscience (“EastWest”).  Closing of the transaction is expected to occur on July 16, 2018.  Upon closing, EastWest will amalgamate with a subsidiary of Harbour Star to become a wholly owned subsidiary of Harbour Star (the “Amalgamation”).

The Qualifying Transaction and the listing of the common shares on the Exchange are subject to final approval of the Exchange pursuant to TSXV Policy 2.4 Capital Pool Companies. 

The Company’s Filing Statement was filed on the SEDAR profile for Harbour Star at www.sedar.com on July 4, 2018.  The Filing Statement includes revised and updated disclosure from the version that was attached as a schedule to an information circular dated May 31, 2018, that was prepared by EastWest in connection with an annual and special meeting of the EastWest shareholders held to approve the Amalgamation.  

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.  Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

For further information, please contact: Mohammad Fazil: President and Chief Executive Officer of Harbour Star Capital Inc. at: Telephone: (403) 613-7310

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.

Forward Looking Statements

This news release contains forward-looking statements relating to the closing of the Qualifying Transaction and the listing of the Common Shares on the Exchange. There is no assurance that the Transaction will be completed in the time estimated or at all. These forward looking statements involve risks and uncertainties. Events or circumstances may cause actual results to differ materially from those anticipated as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.  The forward-looking statements contained in this news release are made as of the date of this news release and Management of the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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