Business
Knol Resources Corp. Announces Termination of Letter of Intent with Kewa Financial Inc.
VANCOUVER, BC / ACCESSWIRE / October 14, 2016 / Further to its press releases of July 25, 20...
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[{"type":"text","content":"Knol Resources Corp. Announces Termination of Letter of Intent with Kewa Financial Inc.VANCOUVER, BC / ACCESSWIRE / October 14, 2016 / Further to its press releases of July 25, 2016 and September 7, 2016, Knol Resources Corp. (TSXV: NOL.H) (\"Knol\" or the \"Corporation\") wishes to announce that it has received notice of termination of the June 20, 2016 letter of intent (the \"Letter of Intent\") from KEWA Financial Inc. (\"KEWA\"), effective October 17, 2016. Accordingly, Knol and KEWA will not be proceeding with the proposed reverse takeover outlined in the Letter of Intent.\nKnol also reports that the Special Meeting of Shareholders scheduled for November 14, 2016 will be cancelled. KEWA will also not be proceeding with its previously announced private placement of subscription receipts.\nThe Corporation will continue to pursue and evaluate other businesses and assets with a view to completing a transaction and will make further announcements with respect to these efforts as soon as practically possible.\nTrading of the common shares of the Corporation is expected to resume trading on NEX, subject to regulatory approval, on or about Tuesday, October 18, 2016.\nFor further information, please contact:\nMichael Atkinson, President and Chief Executive Officer of Knol Resources Corp.\nEmail: [email protected]\nPhone: (604) 689-1428\nNeither the TSX Venture Exchange nor it Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES\nSOURCE: Knol Resources Corp. ","length":2261,"tagName":"div"}]