19 Oct Tracker Ventures clarifies Oct. 6 NR
TRACKER VENTURES CORP. ISSUES CLARIFYING NEWS RELEASE
Tracker Ventures Corp. is issuing this news release to clarify certain statements in the company’s news release dated Oct. 6, 2020, wherein the company announced that it had entered into a non-binding letter of intent to acquire a majority interest in Contakt LLC (Contakt World), a technology company modernizing the contact tracing process through next-generation data integrations, strategic health partnerships and respect for user privacy to empower and build mutual trust within communities.
The company wishes to clarify that the acquisition is expected to constitute a fundamental change of the company, as such term is defined in the rules and policies of the Canadian Securities Exchange. As a result, in addition to the closing conditions referenced in the prior release, completion of the acquisition will be subject to: (i) shareholders of the company having approved the acquisition; and (ii) CSE approval of the acquisition, which will involve CSE acceptance of a Form 2A listing statement respecting the resulting issuer following the acquisition. There can be no assurance that the acquisition will be completed as proposed in the letter of intent or at all.