Ottawa, Ontario–(Newsfile Corp. – June 16, 2020) – Buzz Capital Inc. (TSXV: BUZ.P) (the ”Corporation”) announced today that the proposed business combination between the Corporation and Novamind Ventures Inc. originally announced on May 18, 2020, will not be proceeding. After determining that the regulatory requirements to complete the transaction could not be completed on a timely basis, the parties have mutually agreed to terminate the Letter of Intent dated May 8, 2020.
The Corporation will continue to search for prospective opportunities to complete its qualifying transaction and maximize value for shareholders.
For further information, please contact:
Buzz Capital Inc.
CEO, CFO and Director
Tel: (613) 239-0531