TRILLIUM ACQUISITION CORP. ANNOUNCES SECURED LOAN RELATED TO BUSINESS COMBINDATION AGREEMENT
/NOT FOR DISTRIBUTION TO
The Loan shall bear the prime interest rate of the Royal Bank of Canada per annum and only matures upon the termination of the Business Combination Agreement, pursuant to the terms thereof, and is subject to certain events of default, as will be stipulated in the loan documents to be entered to between the Company and the Borrower.
All dollar figures stated in this press release are provided in Canadian dollars unless stated otherwise.
For further information regarding the assets of the Vendors and the transactions contemplated by the Business Combination Agreement, see the press release of the Company dated
Trillium is a capital pool company created pursuant to the policies of the
Forward-Looking Statements
Certain information in this press release may contain forward-looking statements. The forward-looking statements and information in this press release include information relating to the advancement of the Loan; the terms thereof; approval by the Exchange and the completion of the transactions contemplated by the Business Combination Agreement. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks:
- there is no assurance that Trillium and the Vendors will obtain all requisite approvals for the secured loan, the approval of the TSXV (which may be conditional upon further amendments to the terms of the Business Combination Agreement); and
- the stock markets have experienced volatility that often has been unrelated to the performance of companies. These fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance.
Additional information identifying risks and uncertainties is contained in filings by Trillium with the Canadian securities regulators, which filings are available at www.sedarplus.ca.
Trillium assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Trillium.
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