Value Capital Trust Announces Termination of Letter of Intent with neuroLytixs Inc.

Calgary, Alberta–(Newsfile Corp. – September 29, 2020) – On September 29, 2020, Value Capital Trust (TSXV: VLU. P) (“Value Capital” or the “Trust“) announced the termination of its previously announced letter of intent with neuroLytixs Inc. The Trust is continuing to identify and evaluate assets and businesses with a view to completing its Qualifying Transaction (as such term is defined in the policies of the TSX Venture Exchange).

Value Capital Trust is a capital pool company (as such term is defined in the policies of the TSX Venture Exchange) whose trust units are listed on the TSX Venture Exchange under the symbol “VLU.P”, such trust units are currently halted from trading.

For further information, please contact:

Value Capital Trust
Nathan Smith
Chief Executive Officer
345-926-4915

Forward-Looking Information Cautionary Statement

Certain statements contained in this press release constitute forward-looking information. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Trust’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. More particularly, this press release contains statements concerning the Trust identifying and evaluating assets or businesses to complete a Qualifying Transaction. Although the Trust believes in light of the experience of its officers and trustees, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Trust can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The forward-looking statements contained in this press release are made as of the date hereof and the Trust undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and associated transactions and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64840

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