Esstra Industries Announces Termination of Proposal to Acquire ExSorbtion Inc.
- Wall Street ends with broad sell-off on spiking inflation fears
- Bitcoin Falls as Musk Says Tesla (TSLA) Will Suspend Vehicle Purchases Using Bitcoin, Citing Use of Fossil Fuels in Mining
- Fed Has Already Changed its Policy Due to Inflation, Market Gambling Fears - Dick Bove
- U.S. consumer prices post largest gain since 2009 as inflation ramps up
- Bill Ackman said has he been working on a transaction for Pershing Square Tontine (PSTH) for months
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2021) - Esstra Industries Inc. (TSXV: ESS) ("Esstra" or the "Company") announces that the proposed acquisition of ExSorbtion Inc. ("ExSorbtion"), by way of Reverse Take-Over, as well as the proposed associated concurrent financing previously announced on December 15, 2020, have been terminated as a result of the parties having failed to come to an agreement on final terms, which were to be the subject of a definitive agreement. The Company continues to hold a 5% interest in ExSorbtion which was announced on September 3, 2020.
Resumption of Trading
Trading in the common shares of the Company is halted and will remain halted pending the satisfaction of all applicable requirements of the TSX Venture Exchange. Esstra will issue a further news release as soon as further details are available regarding the resumption of trading.
About Esstra Industries Inc.
Esstra Industries Inc. is listed on the TSX Venture Exchange and is classified as an "Investment Company" under applicable Exchange policies.
Ms. Virginia Olnick
Chief Executive Officer
For further information, please contact the Company at:
Tel.: (604) 785-1425
This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts 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/80727
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ginkgo Bioworks and Soaring Eagle Acquisition (SRNG) have agreed to business combination
- SQUARE ENIX HOLDINGS CO., LTD. Announces Financial Results For The Fiscal Year Ended March 31, 2021
- ENvizion Medical Ltd Applauded by Frost & Sullivan for Its Innovation in the Enteral Feeding Tube Navigation Industry
Create E-mail Alert Related CategoriesNewsfile, Press Releases
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!