Inexco Mining Corp.
CNSX : IMC

December 24, 2014 14:47 ET

Inexco Obtains Conditional Approval Regarding the Proposed Acquisition of Worldwide Marijuana Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 24, 2014) - INEXCO MINING CORP. (the "Company") (CSE:IMC) is pleased to announce that, further to its news releases dated September 23, October 14 and December 12, 2014, the Canadian Securities Exchange (the "CSE") has conditionally approved the Company's proposed acquisition of Worldwide Marijuana Inc. ("WMI"), a private corporation involved in the medical marijuana business (the "Acquisition").

The Company's draft Listing Statement is available for review by visiting the Company's profile on the CSE website www.thecse.ca.

Craig Engelsman, President and CEO, of the Company said: "We are very pleased to have achieved an important milestone, being the conditional approval from the CSE".

The completion of the Acquisition is subject to certain conditions precedent including, but not limited to, the execution by the parties of a formal agreement, approval of the Acquisition by the shareholders of both the Company and WMI, completion of the WMI financing and CSE final approval.

About the Company

Further information about the Company is available under its profile on the SEDAR website www.sedar.com and on the CSE website www.thecse.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Craig Engelsman, President and Chief Executive Officer

The Canadian Securities Exchange has not reviewed, nor approved or disapproved the content of this press release.

FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to the Acquisition (including the structure of the Acquisition), the transaction (including shareholder approval and other terms), the WMI financing (including its completion and the use of proceeds from the WMI financing), the directors and management of the resulting issuer upon completion of the transaction, and the implementation of WMI's business plan. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.

Contact Information

  • Inexco Mining Corp.
    Craig Engelsman
    President and Chief Executive Officer
    (604) 783-0499