One World Investments Inc. Announces Voluntary NEX Delisting and Application for Listing on the Canadian Securities Exchange
VANCOUVER, BC / ACCESSWIRE / July 18, 2016 / One World Investments Inc. (TSXV: OWI.H) (the “Company“) today announces that the Company has applied for voluntary delisting of its common shares from the NEX Board of the TSX Venture Exchange (the “NEX“). Following the Company’s News Release of June 14, 2016, wherein the Company announced a proposed reactivation transaction and shares for debt settlement, the Company has decided, on the recommendation of its Board of Directors, to voluntary delist from the NEX and seek a listing on the Canadian Securities Exchange (the “CSE“). The Company intends to submit a formal application to list its common shares on the CSE as soon as practicable. Management anticipates continued and seamless trading liquidity for the Company’s shareholders during what is expected to be a concurrent delist and listing process. The Company notes that a stock exchange listing on the CSE will provide shareholders continued liquidity on a recognized exchange.
Delisting from the NEX is subject to receipt of approval from the NEX. Additionally, the Company’s proposed listing on the CSE is subject to satisfaction of the closing conditions as set out in the June 14, 2016 news release, shareholder approval of the transaction by the shareholders of the Company and acceptance of the proposed listing by the CSE.
On behalf of the Board of Directors of One World Investments Inc.
Douglas Fulcher, CEO and President
“Douglas Fulcher”
For additional information contact:
Douglas Fulcher, CEO and President
Direct: 604.803.5901
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including the proposed voluntary delisting, the proposed listing on the CSE and the closing of the proposed transaction and shares for debt settlement. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: (i) inability to obtain stock exchange or shareholder approval, as required, (ii) unwillingness of creditors to enter into the shares for debt arrangement, (iii) inability for the Company to raise funds to, among other things, satisfy its obligations under the Agreement or Option Agreement, and (iv) inability of the Company to execute its business plan. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.
Neither the 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.
SOURCE: One World Investments Inc.
ReleaseID: 442552