VANCOUVER, BC / ACCESSWIRE / September 15, 2020 / ECC Ventures 2 Corp. ("ECC2" or the "Company") (TSXV:ETWO.P) announces that the definitive share purchase agreement dated effective September 13, 2019, as subsequently amended on February 24, 2020, pursuant to which the Company proposed to acquire 100% of Long Island Beverages Corp. ("LIBC") and its wholly owned subsidiary, Long Island Brand Beverages LLC ("LIBB") (the "Acquisition"), has been terminated by the parties in accordance with its terms. The transaction was intended to constitute the Company's Qualifying Transaction (as such term is defined by the TSX Venture Exchange ("TSXV")).
The Company's common shares will remain suspended from trading in accordance with the policies of the TSXV.
The Company will continue to investigate and pursue other strategic opportunities with a view to enhancing shareholder value through the completion of a Qualified Transaction.
For more information please contact Scott Ackerman, Director, at 778-331-8505 or email: [email protected].
On Behalf of the Board of Directors of ECC Ventures 2 Corp.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.
ECC VENTURES 2 CORP.
Suite 1600, 609 Granville Street
Vancouver, BC V7Y 1C3
SOURCE: ECC Ventures 2 Corp.