Under the terms of the proposed Transaction, each common share of Vertichem will be exchanged for a common share of
In connection with the completion of the Transaction, the board of directors of
Prior to completion of the Transaction, Vertichem is seeking to complete a private placement of Vertichem shares for anticipated gross proceeds of up to
Concurrently with the closing of the Transaction, it is anticipated that
Completion of the Transaction is subject to the usual terms and conditions for this type of transaction, including completion of due diligence, completion and execution of definitive business combination documentation, receipt of all required regulatory and security holder approvals and no material adverse changes occurring in the financial condition of either company.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Wamco Technology Group Ltd. Stephen DunnPresident & Chief Executive Officer (416) 822-3343 (416) 364-5400 (FAX) firstname.lastname@example.org Vertichem Corporation David MilroyChief Executive Officer (519) 620-1289 (519) 620-2964 (FAX) email@example.com Source: Wamco Technology Group Ltd.