TSX Venture Exchange: RBE
VANCOUVER, Jan. 30, 2017 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSXV symbol: RBE) had signed a letter of intent with 1016677 B.C. Ltd. ("677") regarding the proposal to amalgamate to form a new issuer ("Amalco") to be listed on the Canadian Securities Exchange ("CSE"). 677 held certain rights with respect to a proposed medical marijuana facility. 677 has now advised that it will not be proceeding with the proposed amalgamation and related transactions.
RockBridge will now again be seeking and considering various viable strategic alternatives, including a possible merger with another resource or non-resource company.
With the cancellation of the proposed amalgamation, RockBridge anticipates that its shares will resume trading on the TSX Venture Exchange shortly.
ROCKBRIDGE RESOURCES INC.
Steve Mathiesen, President & CEO
This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge' s recent filings, available on SEDAR.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE RockBridge Resources Inc.
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