Trius Terminates Letter of Intent
FREDERICTON, New Brunswick, Jan. 18, 2019 (GLOBE NEWSWIRE) — Trius Investments Inc. (“Trius” or the “Company”) (TSXV:TRU.H) announces that effective January 10, 2019 it terminated its letter of intent, as amended, for a proposed reverse takeover by African Cannabis Corp., and has been paid a break fee of $250,000.
The Company will resume searching for new business opportunities that can deliver value and liquidity for its shareholders. There can be no assurances that the Company’s efforts will result in any other transaction being pursued, entered into, or consummated. Trius shares will resume trading on January 22, 2019.
For further information, please contact:
President and Chief Executive Officer
Trius Investments Inc.
Telephone: (647) 880-6414
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains certain forward-looking statements, including those regarding potential corporate transactions. These statements are based on numerous assumptions believed by management to be reasonable in the circumstances, including that Trius will succeed in sourcing and executing one or more transactions, and are subject to a number of risks and uncertainties, including without limitation: inability to source, structure and/or execute transactions on favourable terms or at all; volatility in financial markets and economic conditions; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.