Baymount Terminates Proposed Business Combination Transaction With Blue Nordic Partners Inc.
Tuesday, 26 March 2019
*TORONTO, ON / ACCESSWIRE / March 26, 2019 /* Baymount Incorporated (NEX: BYM.H) (the "*Corporation*" or "*Baymount*") announced today that it has terminated its letter agreement (the "*Letter Agreement*") whereby Baymount was to acquire all of the issued and outstanding shares in the capital of Blue Nordic Partners Inc. ("*BNP*") pursuant to a business combination transaction (the "*Proposed Transaction*") previously announced on August 16, 2018. Baymount terminated the Proposed Transaction in accordance with the terms of the Letter Agreement. Baymount continues to pursue new investment and acquisition opportunities at this time.
*In accordance with the TSX Venture Exchange policy, the Corporation's shares are currently halted from trading and are expected to remain halted until after the TSX Venture Exchange has reviewed the materials in support of the termination of the Proposed Transaction.*
*Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.*
*This press release shall not constitute an offer to sell or the solicitation of an offer to buy, and there shall be no sale or exchange of the Corporation's securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under applicable securities laws.*
*Except for statements of historical fact, all statements in this press release, including, but not limited to, statements regarding future plans and objectives are forward-looking statements that involve various risks and uncertainties.*
This press release contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the Corporation's business plan and matters relating thereto, and risks associated with the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Corporations's public filings on SEDAR. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
*For further information please contact:*
Mr. Graham Simmonds
Chief Executive Officer
*SOURCE: *Baymount Incorporated
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