First Light Capital Announces That Its Letter of Intent With vMobo Inc. Has Expired
ACCESSWIRE
03 Apr 2020, 02:25 GMT+10
VANCOUVER, BC / ACCESSWIRE / April 2, 2020 / First Light Capital Corp. (TSXV:XYZ.P) ('First Light' or the 'Company'), announces that its non-binding letter of intent with vMobo Inc. ('vMobo') dated December 19, 2019 (the 'LOI'), in which the parties had agreed to structure and pursue a business combination transaction, has expired. First Light does not intend to engage in any further discussion or transaction with vMobo.
First Light, which is classified as a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the 'TSX-V'), now intends to look for an alternative ‘Qualifying Transaction' (as that term is defined in the policies of the TSX-V).
On behalf of First Light
Neil Currie, Chief Executive Officer
For further Information please contact:
Neil Currie
Telephone: (604) 569.2209
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: First Light Capital Corp.
View source version on accesswire.com:
https://www.accesswire.com/583650/First-Light-Capital-Announces-That-Its-Letter-of-Intent-With-vMobo-Inc-Has-Expired
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