TORONTO, June 10, 2020 /CNW/ - OV2 Investment 1 Inc. (the
"Corporation") (TSXV: OVO.P), a Capital Pool Company under Policy
2.4 of the TSX Venture Exchange, announces that the previously
announced proposed qualifying transaction between the Corporation
and Freightera Logistics Inc. ("Freightera") will not be
proceeding. The business combination agreement among the
Corporation, Freightera and 1221126
B.C. Ltd. dated August 30,
2019 has been terminated.
The Corporation is actively pursuing alternative transactions
that could be completed as its qualifying transaction and expects
to be in a position to provide further details on these
alternatives shortly.
Forward Looking Information
This news
release contains statements about the Company's expectations
regarding the completion of the application for listing and the
commencement of trading on the TSXV that are forward-looking in
nature and, as a result, are subject to certain risks and
uncertainties, such as final listing approval from the TSXV.
Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, undue reliance
should not be placed on them as actual results may differ
materially from the forward-looking statements. Factors that could
cause the actual results to differ materially from those in
forward-looking statements include failure to fulfill conditions of
listing on the TSXV and inability to obtain required regulatory
approvals. The forward-looking statements contained in this press
release are made as of the date hereof, and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements or information, except as required by law.
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.
SOURCE OV2 Investment 1 Inc.