Business
GrowMax Provides Clarification of August 27, 2019 News Release and Resignation of Director
GrowMax Provides Clarification of August 27, 2019 News Release and Resignation of Director...
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"\n\n\n\nGrowMax Provides Clarification of August 27, 2019 News Release and Resignation of Director\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 6, 2019\n\n\n\nVANCOUVER, Sept. 6, 2019 /CNW/ - At the request of the TSX Venture Exchange (the \"TSXV\"), GrowMax Resources Corp.  (TSXV: GRO) (\"GrowMax\" or the \"Company\") is providing further clarifications to its news release of August 27, 2019 wherein the Company announced a proposed change of business from mineral exploration to an investment issuer (the \"Proposed COB\") under the policies of the TSXV.  The Company expects to become a Tier 1 Investment Issuer, subject to meeting the initial listing requirements of the TSXV and obtaining all regulatory approvals, including approval of the TSXV.\nTrading in the common shares of the Company has been halted and will remain halted pending review of the Proposed COB by the TSXV.  Pursuant to the policies of the TSXV, sponsorship is required for the Proposed COB and the Company intends to apply to TSXV for a waiver from the sponsorship requirement.\nThe Company wishes to clarify that the investment in Hempfusion Inc. is an arm's length investment and the investment in First Responder Technologies Inc. (\"First Responder\"), as previously disclosed in the news release on August 12, 2019, is a non-arm's length investment as Michael Malana, the Chief Financial Officer of the Company, is a Director and the Chief Financial Officer of First Responder.  Kulwant Malhi, Chief Executive Officer and Director of the Company is ...