Calgary, Alberta--(Newsfile Corp. - November 7, 2024) - Bow Lake Capital Corp. (TSXV: BLCC.P) ("Bow Lake") announces that the previously announced binding letter of intent between Bow Lake and Eastport Ventures Inc. ("Eastport") dated August 30, 2024 (the "LOI"), in respect of the proposed business combination transaction between Bow Lake and Eastport (the "Proposed Transaction"), has been terminated in accordance with its terms. The Proposed Transaction was expected to constitute the "Qualifying Transaction" of Bow Lake, as such term is defined in Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange.
Bow Lake has re-engaged in the process of identifying and evaluating assets or businesses with a view to completing a Qualifying Transaction. Bow Lake has applied to the TSX Venture Exchange to resume trading of the common shares of Bow Lake (trading symbol "BLCC.P"), which were previously halted from trading pending completion of the Proposed Transaction.
Additional Information
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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.
Notice on Forward-Looking Information
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "would", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning the resumption of trading of the common shares of Bow Lake. Bow Lake cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Bow Lake, including expectations and assumptions regarding the resumption of trading of the common shares of Bow Lake and general business, economic, competitive, political and social uncertainties, as well as other risks and uncertainties, including those described in Bow Lake's final prospectus dated December 29, 2021 filed with the British Columbia Securities Commission, the Alberta Securities Commission, and the Ontario Securities Commission and available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Bow Lake. The reader is cautioned not to place undue reliance on any forward-looking statements. 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 press release are expressly qualified by this cautionary statement.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
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