VANCOUVER, Nov. 2, 2017 /CNW/ - DV Resources Ltd.
("DV" or the "Company") (TSXV – DLV.H)
announces that, due to certain conditions precedent to its proposed
business combination transaction with DeepGreen Resources Inc.
("DeepGreen"), which was originally announced by DV on May 30, 2017, remaining unfulfilled, and by
mutual agreement, DeepGreen and DV have allowed the amalgamation
agreement to lapse as of October 31,
2017.
DeepGreen has advised DV that it has determined to raise capital
privately and postpone its going public process.
The Company further announces the resignation of Brian Paes-Braga as Director, and Melinda Coghill as CFO and Corporate
Secretary. Jasvir Kaloti has
been appointed CFO and Corporate Secretary of the Company.
Trading in the common shares of the Company which was halted on
announcement of the proposed transaction will resume trading on
Monday, November 6, 2017.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE DV Resources Ltd.