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EquineX North America and Victory Capital Corp. Announce Proposed Transaction
Victory Capital Corp. (“Victory” or the “Corporation”) (TSXV: VIC.P) is pleased to announce that it has entered into a letter of intent (the “Letter of Intent”) dated June 18, 2019 with 1788938 Ontario Ltd., operating as EquineX North America (“Equinex NA”), to complete a proposed arm’s length transaction (the “Proposed Transaction”) pursuant to which Victory would acquire all of the issued and outstanding common shares (the “Equinex NA Shares”) in the capital of EquineX NA by way of an arrangement, amalgamation, share exchange or similar transaction and continue the business of EquineX NA. The Proposed Transaction is expected to constitute Victory’s “Qualifying Transaction” under the policies of the TSX Venture Exchange (the “TSXV”). Equinex NA, after completion of the Proposed Transaction, is referred to in this news release as the “Resulting Issuer”.
Trading in the common shares of Victory (the “Victory Shares”) has been halted. It is unlikely that the Victory Shares will resume trading until the Proposed Transaction is completed.
SOURCE Victory Capital Corp.
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