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Tracker Ventures Corp. (CSE: TKR) (FSE: B2I) (the "Company" or "Tracker") is pleased to announce, further to its news releases dated March 5, 2021 and December 8, 2020, that it has received conditional approval from the Canadian Securities Exchange ("CSE") for the Company's acquisition (the "Acquisition") of Contakt World Technologies Corp. ("Contakt World"). The Acquisition will constitute a "fundamental change" of the Company, as such term is defined in the rules and policies of the CSE. The Acquisition is to be effected by way of a three-cornered amalgamation, pursuant to an amalgamation agreement dated December 3, 2020 among the Company, its wholly-owned subsidiary, 1276313 B.C. LTD., Contakt World, Contakt LLC and certain founding shareholders of Contakt World.
Final approval and completion of the Acquisition is subject to the satisfaction of conditions precedent, including without limitation: (i) completion of a concurrent financing for minimum gross proceeds of $540,000; (ii) completion of the change in the Company's name to "Contakt World Technologies Corp."; (iii) completion of any and all outstanding CSE application documentation and payment of fees pursuant to CSE policies; and (iv) shareholders of the Company having approved the Acquisition.
A copy of the Form 2A listing statement in connection with the Acquisition was prepared in accordance with the policies of the CSE and will be available on SEDAR at www.sedar.com and the CSE website prior to the commencement of trading on the CSE.
Tracker Ventures Contact
Zayn Kalyan
CFO and Director
Direct: 778-938-3367
For more information, investors should review the Company's filings that are available at www.sedar.com.
About Contakt World
Contakt World is a technology company and ad agency innovating public health with the goal of becoming the most trustworthy, accessible and scalable digital public health and safety platform globally - addressing the needs of a post-pandemic world. Contakt World combines aggressive research and development, human-centered design, next-gen data integrations, and strategic health partnerships to empower and build mutual trust within communities, contributing towards health equity for users around the world. Contakt World's first suite of tools emerge from the urgency surrounding coronavirus to manage the pandemic through innovative contact tracing and case management spanning multiple modes of communication. For more information, please visit the Company's website at www.contakt.world.
About Tracker Ventures Corp.
Tracker Ventures (CSE: TKR) (OTC: TLOOF) (FSE: B2I) is an analytics software company that leverages blockchain and digital asset technology to transform and modernize multiple industries. Tracker is taking a diversified approach to the analytics and technology space, delivering practical solutions in the health, finance, logistics and pharmaceutical industries. The Company's turnkey real-time tracking solutions offer the very latest in IoT and AI, providing valuable data and business intelligence to some of the world's leading brands.
Forward Looking-Statements
Certain information set forth in this press release contains statements that reflect "forward-looking information", as such term is defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely" or similar words. Specifically, this news release includes forward looking statements regarding completion of the Acquisition and the timing thereof, the conditions precedent to completion of the Acquisition, the Company's future business plans once the Acquisition has been completed and the CSE's approval of the Form 2A listing statement in connection with the Acquisition. The forward-looking statements reflect the Company's and Contakt World's respective management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although the Company and Contakt World believe that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. Among the key factors that could cause actual results to differ materially are: whether the parties are able to satisfy the relevant conditions precedent under the amalgamation agreement respecting the Acquisition; and whether the parties are able to obtain all necessary regulatory and corporate approvals for the Acquisition. The forward-looking statements may also be affected by risks and uncertainties in the business of Tracker, including those described in the Company's public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the content of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89166