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.