/NOT FOR DISTRIBUTION TO
The Company is pleased to announce that the Company (upon completion of the Transaction, referred to as the "Resulting Issuer") has obtained conditional approval to list the common shares of the Resulting Issuer (the "Resulting Issuer Shares") on the NEO Exchange ("NEO" and such listing, the "Listing"). The Resulting Issuer Shares will trade on the NEO under the trading symbol "IFS". The Listing is subject to the Resulting Issuer fulfilling certain requirements of the NEO in accordance with the terms of its conditional approval letter dated
Upon the anticipated closing of the Transaction, the Resulting Issuer's business will be of the technology industry and will be renamed "
Trading in the Highbury Shares is currently halted in accordance with the policies of the TSX-V and will remain halted until trading of the Resulting Issuer Shares resumes on the NEO and the Highbury Shares are delisted from the TSX-V.
Interfield was incorporated on
Interfield Solutions is a state of the art software development company that provides tailor-made data management and marketplace solutions via its SaaS-based software Toolsuite for numerous industrial segments worldwide including oil and gas, mining and renewables. It also connects industrial companies to its proprietary e-business platform, Equipment Hound.
Toolsuite is an industrial data collection and management platform that digitizes industrial processes and provides real-time auditable data while operating on a cloud-based platform.
Equipment Hound is an e-commerce industrial equipment marketplace that manages a catalogue of equipment from various suppliers and provides procurement solutions such as request for quote, logistics support and third-party verification.
Highbury was incorporated on
ON BEHALF OF THE BOARD OF DIRECTORS
"Al Karim Jaffer"
Al Karim Jaffer
Chief Executive Officer & Director ((604) 428-8289)
Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "Forward Looking Statements", including the possible Listing of the Resulting Issuer Shares on the NEO and the completion of the Transaction, that involve various known and unknown risks and uncertainties and other factors, such as regulatory approval requirements. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".
Completion of the Transaction is subject to a number of conditions, including but not limited to, receiving the NEO's final approval and if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the listing document 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 the Company should be considered highly speculative.
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SOURCE
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