Canaccord Genuity Acquisition Corp. Reports Fiscal 2018 Financial Results

TORONTO, June 22, 2018 /CNW/ - CANACCORD GENUITY ACQUISITION CORP. (TSX: CGAC.UN) ("CGAC" or the "Corporation") is reporting its financial results as at March 31, 2018 and for the period from inception of the Corporation on June 28, 2017 to March 31, 2018. The Corporation's audited financial statements along with its management discussion and analysis (MD&A) and annual information form (AIF) have been filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be viewed by shareholders and interested parties under the Corporation's profile at www.sedar.com.

Subsequent to March 31, 2018, the Corporation announced its proposed merger (the "Merger") with Spark Power Corp. ("Spark Power"). The Merger will constitute the Corporation's Qualifying Acquisition. In connection to the announcement of the Merger, the Corporation and the Sponsor have entered into a merger agreement dated June 11, 2018, (the "Merger Agreement") with Spark Power and its shareholders (collectively, the "Vendors"). This subsequent event has been disclosed in the Corporation's audited financial statements and its management discussion and analysis (MD&A).

Further details of this subsequent event are set out in the Merger Agreement as well as in the investor presentation which were filed on SEDAR on June 11, 2018. On June 18, 2018, the Corporation also filed a preliminary non-offering prospectus containing disclosure regarding Spark Power and the Merger on SEDAR and with the securities regulatory authorities in each of the provinces and territories of Canada (other than Quebec).

Investor conference call

A conference call with management is scheduled for Thursday, June 28, 2018 at noon ET. During the call, senior management will comment on the financial results and annual information form. Interested investors are invited to listen to management's remarks via telephone at 1-647-427-7450 or 1-888-231-8191 toll free in North America. Please ask to participate in the Canaccord Genuity Acquisition Corp. conference call. If a passcode is requested, please use 2698927.

About Canaccord Genuity Acquisition Corp.

Canaccord Genuity Acquisition Corp is a special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination involving the Corporation (a "Qualifying Acquisition").

About CG Investments Inc.

CG Investments Inc. is the sponsor of CGAC. CG Investments Inc. is a wholly-owned subsidiary of Canaccord Genuity Group Inc., a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: capital markets and wealth management.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Corporation's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. The Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Canaccord Genuity Acquisition Corp.

For further information: Canaccord Genuity Acquisition Corp., Daniel Chung, Chief Financial Officer, Canaccord Genuity Acquisition Corp., Vice President Finance, Canaccord Genuity Group, [phone]