Big Bar Obtains Shareholder Consent For Change of Business
September 16, 2016 – Vancouver, British Columbia (NEX Board of TSX-V: BBR.H) Big Bar Resources Corporation (“Big Bar” or the “Company”) is pleased to announce that a majority of shareholders have consented in writing in favour of the proposed change of business of the Company involving an acquisition of certain intellectual property and a joint venture with CVR Global, Inc. (the “COB“) on the TSX Venture Exchange (“TSXV“).
There have been no changes in the management or Board of Directors of the Company as a result of the Proposed COB. Further information regarding the COB is contained in the Company’s management filing statement dated September 9, 2016 which is available for viewing on SEDAR at www.sedar.com.
Completion of the COB is subject to a number of conditions, including TSXV final acceptance. There can be no assurance that the COB will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSXV has in no way passed upon the merits of the COB and has neither approved nor disapproved the contents of this news release.
Other Information and Updates
In accordance with Exchange policy, the Company’s shares are halted from trading and will remain halted until such time as determined by the Exchange, which, depending on the policies of the Exchange, may not occur until the completion of the COB. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
The Company will provide further details in respect of the COB, in due course, by way of news releases.
This news release contains statements about the Company’s expectations regarding the completion of the Transaction and Financing that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements and there can be no assurance that such expectations will prove to be correct. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to complete the Transaction and Financing for any reason whatsoever, including failure to obtain Exchange acceptance or shareholder approval therefor. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
This news release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any “U.S Person” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “1933 Act”)) of any equity or other securities of the Corporation. The securities of the Corporation have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.
Completion of the COB is subject to a number of conditions, including Exchange acceptance. There can be no assurance that the COB will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the COB, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The Exchange has in no way passed upon the merits of the COB and has neither approved nor disapproved the contents of this news release.