/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.