NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Feb. 15, 2019 (GLOBE NEWSWIRE) -- Cresval Capital Corp. (TSXV: CRV) (“Cresval” or the “Company”) has terminated its proposed plan of arrangement with Tess Inc., originally announced on December 11, 2017 (with updates on January 17, May 14 and July 24, 2018), due to Tess’ inability to complete the application for listing of the resulting issuer, TessPay Inc., on the TSX Venture Exchange. Conditional acceptance for listing was one of the mutual pre-conditions to the closing of the plan of arrangement.
Cresval intends to proceed with the further exploration of its mineral resource properties in British Columbia.
On behalf of the Board:
s/Lee Ann Wolfin, CEO
For further information please contact:
Lee Ann Wolfin
President and Chief Executive Officer
Telephone: (604) 913-7788
Email: lawolfin@cresval.com
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.