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P Squared Renewables Inc. Announces that the Proposed Qualifying Transaction with Borealis Geopower Inc. is Not Proceeding
(via TheNewswire) November 22, 2017 / TheNewswire / Calgary, Alberta - P Squared Ren...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"P Squared Renewables Inc. Announces that the Proposed Qualifying Transaction with Borealis Geopower Inc. is Not Proceeding(via TheNewswire)\n\n \nNovember 22, 2017 / TheNewswire / Calgary, Alberta - P Squared Renewables Inc. (TSXV: PSQ.P) (\"P Squared\"), a capital pool company listed on the TSX Venture Exchange (the \"Exchange\"), announces that its previously announced binding term sheet with Borealis GeoPower Inc. (\"Borealis\") and the shareholders of Borealis has been terminated and the proposed business combination will not proceed. P Squared has made a demand for immediate repayment of the secured bridge loan provided to Borealis in the principal amount of $225,000 plus accrued interest thereon. \n\n\n \nP Squared has resumed the process of evaluating opportunities that were put on hold, while focused on completing the qualifying transaction with Borealis, with a view to completing a qualifying transaction within the next few months. \n\n\n \nTrading Halt\n\n\n \nTrading in P Squared shares on the Exchange is currently halted.\n\n\n \n\nNEITHER THE TSX VENTURE EXCHANGE NOR ITS 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.\n\n\n \nCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS\n\n\n\n \nThis news release includes certain \"forward-looking statements\" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future business and operations of P Squared. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are mad...