TORONTO, Feb. 20, 2019 /CNW/ - Acasta Enterprises Inc. (TSX: AEF) ("Acasta" or the "Corporation") is pleased to announce that it has received TSX approval to complete the conversion of indebtedness as described in its press release of February 8, 2019. The transaction is expected to be completed at the close of business on February 22, 2019.
The Corporation remains focused on streamlining operations and continuing to reduce overall debt and is examining a number of alternatives to recapitalize its balance sheet and enhance shareholder value.
Cautions Regarding Future Plans and Forward Looking Information
Certain statements contained in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws which reflect the Corporation's current expectations and projections about future results. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intent", "estimate", "anticipate", "believe", "consider", "should", "plans", "predict", "estimate", "potential", "could", "likely", "approximately", "scheduled", "forecast", "variation" or "continue", or similar expressions suggesting future outcomes or events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such forward-looking statements are based on a number of assumptions that may prove to be incorrect.
Except as specifically required by applicable Canadian securities law, the Corporation undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. These forward-looking statements should not be relied upon as representing the Corporation's views as of any date subsequent to the date of this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that the Conversion will be completed as proposed or at all.
SOURCE Acasta Enterprises Inc.
For further information: Acasta Enterprises Inc., Investor.Relations@acastaenterprises.com, Fred Leigh, 416-861-5933