Maple Peak Investments Inc.
TSX VENTURE : MAP.P

Maple Peak Investments Inc.

July 13, 2016 15:15 ET

Maple Peak Announces Completion of Qualifying Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 13, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES

Maple Peak Investments Inc. ("Maple Peak") (TSX VENTURE:MAP.P) is pleased to announce the completion of its previously announced transactions with Melco International Development Ltd. ("Melco") and MelcoLot Limited ("MelcoLot"), which collectively constitute Maple Peak's "Qualifying Transaction" as defined by Policy 2.4 of the TSX Venture Exchange (the "Exchange"). The common shares of Maple Peak will commence trading on the Exchange as a non "Capital Pool Company" as defined under Policy 2.4 of the Exchange on July 14, 2016 under the trading symbol MAP, and will continue in the business of a public gaming focused investment corporation.

Pro Forma Capitalization

No securities were issued by Maple Peak pursuant to the Qualifying Transaction; therefore, 55,014,000 common shares remain outstanding and 5,786,000 common shares remain reserved for issuance. At the closing of the Qualifying Transaction 44,520,000 common shares are subject to escrow.

New Directors and Officers

As previously announced, in connection with the Qualifying Transaction, all of the current directors and officers of Maple Peak remained as directors and officers of Maple Peak with: (i) Samuel Yuen-Wai Tsang appointed as the new Chief Financial Officer and Corporate Secretary; (ii) Lawrence Yau Lung Ho appointed as a new director and the Chairman; and (iii) Robert Kang appointed as a new independent director.

Upon the completion of the Qualifying Transaction, the directors and officers will be as follows:

Lawrence Yau Lung Ho Chairman and Director
Dennis Chi-Wai Tam Chief Executive Officer and Director
Samuel Yuen-Wai Tsang Chief Financial Officer, Company Secretary and Director
Thurman Tat Hong So Director
Robert Kang Director

Additional information about Maple Peak and the Qualifying Transaction is available on SEDAR (www.sedar.com).

ON BEHALF OF THE BOARD OF DIRECTORS OF MAPLE PEAK INVESTMENTS INC.

Dennis Chi-Wai Tam, Chief Executive Officer, Chief Financial Officer, Corporate Secretary and Director

Certain information provided in this press release regarding Melco and MelcoLot has been provided to Maple Peak by the respective parties and has not been independently verified by Maple Peak.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Maple Peak believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Maple Peak disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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.

Contact Information

  • Maple Peak Investments Inc.
    Dennis Chi-Wai Tam
    Chief Executive Officer and Director
    (852) 9212-1666
    Dennis.Tam@Maple-Peak.com

    Maple Peak Investments Inc.
    Samuel Yuen-Wai Tsang
    Chief Financial Officer, Corporate Secretary and Director
    (852) 9861-3293
    Samuel.Tsang@Maple-Peak.com