/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, Aug. 20, 2018 /CNW/ - Theia Resources Ltd. (THH:TSXV) (the "Company"
or "Theia") is pleased to announce that the shareholders of the Company approved all of the resolutions set out in the
Company's management information circular dated July 13, 2018 (the "Circular") at the Annual
and Special Meeting of shareholders of the Company held on August 17, 2018. These resolutions
included the approval of the consolidation of the Company's common shares on a ten (10) to one (1) basis (the "Consolidation"),
the change of the name of the Company to "Flower One Holdings Inc." and the voluntary delisting of the Company's common shares
from the TSX Venture Exchange (the "TSXV") concurrently with the listing of the post-Consolidation common shares on the Canadian
Securities Exchange (the "CSE"), all as more particularly described in the Circular and in Theia's news release dated
July 9, 2018 announcing the Company's proposed acquisition of CNX Holdings Inc. (the "Proposed
Transaction").
Now that shareholder approval of the Resolutions has been obtained, Theia is working towards closing the Proposed
Transaction. The closing of the Proposed Transaction remains subject to various conditions, including the approval of the
TSXV to delist the Company's common shares from the TSXV and the approval of the CSE, subject to the CSE's usual conditions, for
the listing on the CSE of the Company's common shares existing at time of the Proposed Transaction, issuable pursuant to the
Proposed Transaction and upon the exercise of any Theia options convertible or exercisable into the Company's common
shares.
ON BEHALF OF THE BOARD
Raj Kang
Chief Financial Officer
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 may contain forward-looking statements that are based on the Company's current expectations and
estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or
conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's current plans. Such
forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or
results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking
statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding
future expectations, including that the Proposed Transaction contemplated herein is completed. Forward-looking statements are
based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability of Theia and CNX
Holdings Inc. to satisfy the requirements of the TSXV and the CSE with respect to the Proposed Transaction. The cautionary
statements qualify all forward-looking statements attributable to Theia and CNX and persons acting on their behalves. Any
forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward- looking statement, whether as a result of new
information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
The securities referred to in this news release have not been, and will not be, registered under the United
States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes
only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Theia or CNX in any
jurisdiction.
SOURCE Theia Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/August2018/20/c4828.html