Vancouver, August 24 / TheNewswire / 2018 – Astron Connect Inc. (“Astron“) reports the change of its name from Exalt Capital Corp., effective August 23, 2018. Astron has been informed that its new trading symbol will be “AST”.
Astron also reports that its proposed acquisition of Sachiel Connect Inc. (the “Acquisition“), which is intended to constitute Astron’s “qualifying transaction”, is scheduled before the end of this month. Completion of the Acquisition is subject to compliance with all applicable conditions in connection with the Acquisition, the absence of any material adverse condition with respect to the financial and operational condition or the assets of each of the parties, and the delivery of customary closing documentation.
Acceptance of the Acquisition as constituting Astron’s qualifying transaction remains subject to receipt of final TSXV approval. Trading in the common shares of Astron will remain halted pending the satisfaction of all applicable requirements of the TSXV. Trading will not resume prior to the completion of the Acquisition.
For More Information
For more information, please contact:
Wei Kang, Director, President, CEO and Director of Astron
This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans” “expects” or “does not expect”, “proposed”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects the current beliefs of Astron and is based on information currently available to Astron and on assumptions Astron believes are reasonable. These assumptions include, but are not limited to, management’s assumptions about receiving TSXV approval of the Acquisition.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Astron to be materially different from those expressed or implied by such forward-looking information. Although Astron has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. 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 contained in this press release represent the expectations of Astron as of the date of this press release and, accordingly, are subject to change after such date. However, Astron expressly 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 expressly required by applicable securities law.
Completion of the Acquisition is subject to a number of conditions, including but not limited to, TSXV acceptance. There can be no assurance that the Acquisition will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the Acquisition, any information released or received with respect to the Acquisition 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 has in no way passed on the merits of the Acquisition and has neither approved or disapproved the contents of this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of the adequacy or accuracy of this press release.