Captor Capital Proposes Fundamental Change of Business From a Diversified Investment Company to a Cannabis Company
10.04.2018 | GlobeNewswire
TORONTO, April 10, 2018 - Captor Capital (“CPTR” or the “Company”) (CSE:CPTR) (FRANKFURT:NMV) (OTC:NWURF) announced today that it has decided to change its business focus from a diversified investment and merchant banking company and focus solely on cannabis. This change in the focus and direction of Captor’s business is considered a Fundamental Change under Canadian Securities Exchange (“CSE”) Policy 8. In accordance with the policies of the CSE, the shareholders of Captor will have to approve this Fundamental Change before it becomes effective.John Zorbas, President of Captor, stated, “We have made strong investments in the cannabis industry and we are continuing to see great opportunities in cannabis for Captor to exploit in order to deliver value to our shareholders. It just makes sense for us and our shareholders that Captor focuses exclusively on cannabis.”
Trading in Captor has been halted and will remain halted at least until the meeting materials to be sent to shareholders for approval of the Fundamental Change have been reviewed and accepted by the CSE and posted to the CSE website. The halt is considered a Regulatory Halt as defined in National Instrument 23-101-Trading Rules.
For further information, please contact
John Zorbas, President
Captor Capital Corp.
416.504.3978
Johnz@captorcapital.com
Forward-Looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains or refers to forward-looking information, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to availability of investment opportunities, economic circumstances, market fluctuations and uncertainties, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, and the other risks involved in the investment industry and junior capital markets. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.
