Vancouver, B.C., Canada – November 6, 2017 —Fortify Resources Inc. (CSE: FTY) (“Fortify” and/or the “Company“), announces that the news release issued on November 3, 2017 stated that Mr. Brian Gusko held nil common shares of DV Infrastructure Corp. (“DVI“). The correct number of common shares that Mr. Gusko owns and controls in DVI is 3,025,000.
The previously announced transaction with DVI is subject to a number of terms and conditions as set forth in the definitive agreement, including (among other things) the approval of the Canadian Securities Exchange (the “Exchange“) and the shareholders of Fortify and DVI. If completed, the transaction will constitute a “Fundamental Change” of Fortify, as such term is defined in Exchange policies. Fortify’s shares will remain halted until the Exchange has reviewed and approved the transaction.
See Fortify’s news release dated November 3, 2017 for further information about the transaction, DVI and its business. Fortify will issue additional news releases related to the transaction and other material information as it becomes available. There can be no assurance that the transaction will be completed as proposed or at all.
For further information please contact:
Alex Horsley – Director
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and shareholder approval. There can be no assurance that the transaction will be completed as proposed or at all.
Trading in the securities of Fortify should be considered highly speculative.
All information in this press release concerning DVI has been provided for inclusion herein by DVI. Although Fortify has no knowledge that would indicate that any information contained herein concerning DVI is untrue or incomplete, Fortify assumes no responsibility for the accuracy or completeness of any such information.
The Canadian Securities Exchange has in no way passed upon the merits of the proposedtTransaction and has neither approved nor disapproved the contents of this press release.
Certain statements in this release are forward-looking statements, which include completion of the proposed transaction and related financing, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar
variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of Fortify. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: general business and economic conditions will not change in a material adverse manner; and financing will be available if and when needed on reasonable terms. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the failure of counterparties to perform their contractual obligations, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, Fortify disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Fortify undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.