Eyelogic Systems Inc.

Eyelogic Systems Inc.

November 23, 2015 18:30 ET

Eyelogic Systems Announces Voluntary De-Listing of Shares from TSXV and Intention to Wind-Up

CALGARY, ALBERTA--(Marketwired - Nov. 23, 2015) - Eyelogic Systems Inc. ("Eyelogic") (TSX VENTURE:EYE.A)(CSE:EYE.A) today announces that it has successfully applied to voluntarily delist its shares from trading on the TSX Venture Exchange ("TSXV"). As Eyelogic's primary asset is now cash, the Company intends on making a distribution to shareholders and calling a shareholders meeting to approve a wind-up of the Company. Further details on the distribution and the wind-up will be announced in the coming days once finalized.

Forward-looking statements

Certain statements contained in this press release may constitute forward-looking statements. These statements relate to future events or Eyelogic's future performance. All statements, other than statements of historical fact, may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "propose", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Eyelogic believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct. Any forward-looking statements included in this press release should not be unduly relied upon by investors as actual results may vary. These statements speak only as of the date of this press release and are expressly qualified, in their entirety, by this cautionary statement.

With respect to forward-looking statements contained herein, Eyelogic has made assumptions regarding, among other things:

  • general business and economic conditions in Canada;
  • fluctuations in interest rates and currency values;
  • changes in monetary policy;
  • legislative and regulatory developments;
  • legal developments;
  • changes in tax laws;
  • costs related to operations remaining consistent with historical experiences; and
  • Management's ability to anticipate and manage risks associated with these factors.

Eyelogic's actual results could differ materially from those anticipated in the forward-looking statements contained herein as a result of the risk factors set forth herein.

Although Eyelogic's management has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to not be as anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release and Eyelogic disclaims any obligation to update any forward-looking statements if circumstances or management's beliefs, expectations or opinions should change, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.

Neither 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.

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