Skyscape’s LOI with Sal­ida can­celled

Stockwatch Daily - - SHELLS - Mr. Paul Pathak re­ports

SKYSCAPE CAP­I­TAL Inc.’s pre­vi­ously an­nounced let­ter of in­tent with Sal­ida En­ergy Inc. dated June 8, 2018, has been ter­mi­nated pur­suant to its terms, ef­fec­tive im­me­di­ately. Pur­suant to the LOI, Skyscape and Sal­ida were to com­plete a busi­ness com­bi­na­tion in­tended to con­sti­tute Skyscape’s qual­i­fy­ing trans­ac­tion, as such term is de­fined in Pol­icy 2.4 of the cor­po­rate fi­nance man­ual of the TSX Ven­ture Ex­change.

Skyscape will con­tinue to ag­gres­sively iden­tify and eval­u­ate op­por­tu­ni­ties for the pur­pose of com­plet­ing its qual­i­fy­ing trans­ac­tion. Trad­ing of Skyscape’s com­mon shares is ex­pected to re­sume trad­ing on the TSX Ven­ture Ex­change shortly.

Roger Ge­orge Da­her, Sumesh Paul Pathak, James Stan­ley Walker

(SKY) Shares: 2,000,000

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.