Home Stock list LOOPShare Announces Conditional Approval to List on the Canadian Securities Exchange

LOOPShare Announces Conditional Approval to List on the Canadian Securities Exchange

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Vancouver, British Columbia – (Newsfile Corp. – October 25, 2021) – LOOPShare Ltd. (TSXV: LOOP) (OTC: LPPPF) (FSE: 3KZ0) (“LOOPShare“or the”Society“) announces that it has received conditional approval from the Canadian Securities Exchange (the”CSE“) to list the Company’s shares on the CSE following the completion of its previously announced transaction with VGAN Brands Inc. (“VGA“).

The Company previously announced that it has entered into a share exchange agreement with VGAN pursuant to which the Company has agreed to acquire all of the issued and outstanding securities of VGAN and the business of VGAN (the “”TransactionFor more information on the transaction, please refer to the Company’s press release dated July 8, 2021 which is available on SEDAR at www.sedar.com. In addition, prior to listing, the company will file a registration statement on SEDAR which provides full details of the Transaction and the resulting issuer.

The closing of the Transaction and the listing of the Company’s shares on the CSE remain subject to the satisfaction of various standard conditions for a transaction of this nature, including, but not limited to: (i) receipt of all necessary regulatory and third party consents, waivers and approvals, including acceptance by the TSX Venture Exchange with respect to the voluntary delisting of the Company’s shares; (ii) the closing of a concomitant financing by VGAN; and (iii) completion of all outstanding CSE application documents and payment of fees in accordance with applicable CSE policies.

The completion of the Transaction is subject to a number of conditions, including acceptance of the Exchange. There can be no assurance that the transaction will be completed as proposed or that it will be completed.

Investors are cautioned that, unless otherwise specified in the registration statement to be prepared in connection with the transaction, any information published or received regarding the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be regarded as highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

About LOOPShare

For more information on LOOPShare, please visit www.loopscooters.com.

Company contact

[email protected]
604-568-1598

Caution regarding forward-looking information

This press release contains “forward-looking information” regarding expected developments and events relating to LOOPShare Ltd. that may arise in the future. Forward-looking information contained in this press release includes, without limitation, (i) statements regarding the future business objectives of the Company; (ii) the removal of the conditions relating to the completion of the Transaction; (iii) the realization of the concomitant financing; and (iv) receipt of regulatory approvals for the Transaction.

In some cases, forward-looking information may be identified by the use of words such as “expects”, “intends”, “anticipates” or variations of such words and phrases or indicates that certain actions, events or results “may”, “would” or “could” suggest future results, or other expectations, assumptions, intentions or statements regarding future events or performance. The forward-looking information contained in this press release is based on certain factors and assumptions relating to, among other things, the timely receipt of regulatory approvals and the completion of the concurrent financing. Although LOOPShare considers these assumptions to be reasonable, they may be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results expressed by forward-looking information. These factors include the risks associated with natural disasters and the risk that regulatory approval will not be received for the Transaction or listing of the Company’s shares on the CSE, the ability to attract qualified executives and personnel, conflicts labor, regulatory risks, including risks relating to the acquisition of necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the documents filed by LOOPShare with the applicable Canadian securities regulatory authorities.

Although LOOPShare has attempted to identify factors that could cause actual results to differ materially from those described in the forward-looking information, other factors may cause results not to be as anticipated. Readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release. Unless required by applicable securities laws, the Company assumes no obligation to publicly update forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepted responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100779


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