October 18, 2016 18:15 ET
KELOWNA, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2016) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
Wolfpack Capital Corp. (the "Corporation") (TSX VENTURE:WLP.P) announced today that as a result of the Corporation's inability to complete a qualifying transaction within the time period prescribed by the TSX Venture Exchange (the "Exchange"), the Corporation has applied for a transfer to the NEX board of the Exchange (the "NEX Transfer") which the Exchange has accepted. The Exchange has advised that it will issue a bulletin on the NEX Transfer where the Corporation's symbol will change from WLP.P to WLP.H. effective October 20, 2016.
The Corporation obtained the requisite shareholder approval (exclusive of the votes of non-arm's length parties to the Corporation) for the NEX Transfer at a meeting of its shareholders held on December 1, 2015. As required under Exchange policy, an aggregate of 1,000,000 common shares of the Corporation subject to escrow and held by the Corporation's officers and directors, have been cancelled in order to complete the NEX Transfer.
At this time, the Corporation continues to pursue the proposed qualifying transaction with Hydrate Resources Corp. previously announced on October 13, 2016. Trading of the Corporation's shares is expected to remain suspended until such transaction is completed.
About the Corporation
The Corporation is designated as a Capital Pool Company by the Exchange. The Corporation has not commenced commercial operations and has no assets other than cash. The only business of the Corporation is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction" in accordance with Exchange Policy 2.4 - Capital Pool Companies.
Neither 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 accuracy or adequacy of this release.
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