Toronto, Ontario – March 29, 2021 – 10557510 Canada Corp. (“Canada510” or the “Company”) is pleased to announce that effective March 25, 2021, Industry Canada approved the Company’s request to change its name to Royal Wins Corporation. The company received the shareholder approval to change the its name at the meeting of shareholders, held on January 12, 2021.
Further, the company is pleased to confirm that it has removed all conditions pertaining to the recently announced agreement to Acquire Royal Wins Pty Ltd (“Royal Wins”) (See press release dated March 1, 2021). Accordingly, the formal takeover offer (the “Offer”) for Royal Wins lodged with the Australian Securities and Investments Commission is now wholly unconditional.
As per the terms of the agreement, the Offer will close at 7:00 pm (Sydney Time) on April 1, 2021 after which time, Canada510 intends to compulsorily acquire any remaining shares of Royal Wins which have not already been tendered to the Offer.
For more information please contact:
Royal Wins Corporation
Phone: 1 416 642 1807, ext 312
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company’s filings with Canadian securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements regarding the Company’s unaudited financial results and projected growth.
Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are subject to inconsistent legislation and regulation; change in laws; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and recreational-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. 1055710 Canada Corp. disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.
No securities regulator or exchange has reviewed, approved, disapproved, or accepts responsibility for the content of this news release.