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Creation Capital Files Filing Statement for Qualifying Transaction
Creation Capital Files Filing Statement for Qualifying Transaction Canada NewsWire...
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[{"type":"text","content":"\n\n\n\nCreation Capital Files Filing Statement for Qualifying Transaction\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 13, 2019\n\n\n\nTSX-V: CRN.P\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n VANCOUVER, May 13, 2019 /CNW/ - Creation Capital Corp. (TSX-V: CRN.P) (the \"Company\"), a capital pool company listed on the TSX Venture Exchange, today announced that, further to the Company's news releases on April 2 and 17, 2019, the Company has received conditional approval from the TSX Venture Exchange for the proposed Qualifying Transaction involving the acquisition (the \"Acquisition\") from Pressure Technologies plc of its wholly-owned subsidiary, PT Biogas Holdings Limited (trading as Greenlane Biogas) (\"Greenlane\") and the Company has posted on SEDAR a Filing Statement disclosing the proposed Qualifying Transaction.  A copy of the Filing Statement is available under the Company's SEDAR profile at www.sedar.com.  The share purchase agreement for the Acquisition has also been amended to extend out the closing date of the Acquisition, to extend the maturity date of the promissory note (to be issued to Pressure Technologies as partial consideration for Greenlane) to 48 months from the closing date of the Acquisition, and to clarify certain terms.  The expected closing date for the Qualifying Transaction is as early as May 17, 2019 and will follow the completion of the subscription receipt offering and the satisfaction or waiver of contractual and regulatory conditions or as the parties may mutually agree.\nAbout Creation Capital Corp.\nThe Company is designated as a Capital Pool Company under Exchange Policy 2.4.  The Company has not commenced commercial operations and has no assets other than cash.  The Company's objective is to identify and evaluate businesses or assets with a view to completing a Qualifying Transactio...