Stormcrow Holdings Corp. Provides Update on Qualifying Transaction with Highmark Interactive and Details of Concurrent Financing Led by Beacon Securities Limited
Stormcrow or the
Company ) is providing an update on the arm s length transaction with Highmark Interactive (
Highmark ), a company existing under the laws of Ontario, previously announced in a news release dated December 11, 2020, by which the parties intend to effect a reverse takeover of Stormcrow by Highmark, which transaction will constitute Stormcrow s qualifying transaction under TSX Venture Exchange (
TSXV ) Policy 2.4 (the
Proposed Transaction ). Trading in the common shares of Stormcrow (
Stormcrow Shares ) has been halted in accordance with TSXV policies since the date of the initial announcement, and will remain halted until such time as all required documentation has been filed with and accepted by the TSXV in connection with the Proposed Transaction. There can be no assurances that the Proposed Tr