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Canoe Not Proceeding with Reverse Takeover with OpenPort

ACCESSWIRE

By Canoe Mining Ventures Corp.

OAKVILLE, ON / ACCESSWIRE / January 14, 2019 / Canoe Mining Ventures Corp. (TSX VENTURE: CLV) (the “Company“) announces that it will not be proceeding with its proposed reverse takeover transaction with OpenPort Limited previously announced on October 1, 2018 and March 20, 2018. The Company’s management is actively seeking new business opportunities and has requested that the TSX Venture Exchange resume trading in the Company’s common shares as soon as practicable.

The Company is currently reviewing any and all legal remedies against OpenPort Limited and its directors in regards to the termination of the binding letter of intent regarding the reverse takeover transaction as well as the default of OpenPort Limited under its services agreement with the Company.

On behalf of the board of directors of Canoe Mining Ventures Corp.

Duane Parnham,
President and CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Contact:

Duane Parnham
289-837-0101
info@canoemining.ca

SOURCE: Canoe Mining Ventures Corp.

ReleaseID: 532703