Vancouver, British Columbia / ACCESSWIRE / March 10, 2014 / Technical Ventures RX Corp. (the "Technical") (TSX-V: "TIK.P") provides the following update in connection with its proposed Qualifying Transaction, which was previously announced in press releases dated October 31, 2013, July 25, 2013 and May 14, 2013. Technical announces it has executed an amendment to the original Plan of Arrangement Agreement dated July 19, 2013 and amended on October 31, 2013, whereby the outside closing date for the transaction has been extended to May 31, 2014.
In accordance with the policies of the TSX-V, Technical will issue a subsequent press release containing summary financial information in respect of TheraVitae Inc., details of the concurrent financing, and additional information relating to the Plan of Arrangement and the pro forma share capital of the resulting issuer.
Reinstatement to Trading
The common shares of Technical will remain halted pending receipt by the TSX-V of certain required materials from Technical and until Technical engages a sponsor or a sponsorship exemption is granted.
Description of Significant Conditions to Closing
Completion of the Arrangement is subject to a number of conditions, as noted above. There can be no assurance that the Arrangement will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
For further information please contact:
Technical Ventures RX Corp.
President and Chief Executive Officer
Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Arrangement and associated transactions and has neither approved nor disapproved of the contents of this press release.
Cautionary and Forward-Looking Statements:
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