VANCOUVER, BC / ACCESSWIRE / May 21, 2020 / Credent Capital Corp. (NEX:CDT.H) ("Credent" or the "Company") and Hydro Power Technologies Inc. ("HPT") announce that they have agreed to terminate their business combination agreement the ("Transaction"). The Transaction was originally announced by the Company in its news release dated January 21, 2014.
The Transaction contemplated under the business combination agreement with HPT was intended to be the Company's Qualifying Transaction. The Company will now be actively exploring other Qualifying Transaction opportunities. The Company will also be applying to the regulators to lift the trading halt currently in place on its common shares.
On behalf of the Board,
"John A. Versfelt"
John A. Versfelt
President & CEO
For further information, please contact:
John A. Versfelt
20 Sixth Street, New Westminster, BC V3L 2Y8
604-527-8146; Email: jav@armc.ca
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Credent Capital Corp.
View source version on accesswire.com:
https://www.accesswire.com/590927/Credent-Capital-Corp-Announces-Termination-of-Qualifying-Transaction
