Fintech
Pivotal Financial Corp. Reports Third Quarter of Fiscal 2021 Results and Current Cash Position
Toronto, Ontario–(Newsfile Corp. – November 15, 2021) – Pivotal Financial Corp. (TSXV: PIV.P) (“Pivotal” or the “Company“) today released its financial results for the three and nine months ended September 30, 2021. Pivotal operates as a Capital Pool Company with its only asset being cash which currently totals $2.11 million.
As previously announced, on November 5, 2021, the Company entered into a definitive business combination agreement with Global Food and Ingredients Inc. (“GFI”) and Pivotal’s wholly-owned subsidiary, 13476669 Canada Inc. (“CPC Subco”), which was incorporated on November 1, 2021, with respect to the Proposed Transaction. The Proposed Transaction would constitute the Company’s Qualifying Transaction as defined in Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange. “The parties are working diligently toward completing the proposed Qualifying Transaction and I am very pleased with the progress to date,” said C. Fraser Elliott, Chief Executive Officer of Pivotal.
Detailed information on the Proposed Transaction and copies of the Company’s unaudited condensed interim financial statements and management’s discussion and analysis of financial condition and results of operations for the three and nine months ended September 30, 2021 are available under the Company’s profile on www.sedar.com.
Forward-Looking Statements
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with Canadian securities regulators, which filings are available under the Company’s profile at www.sedar.com.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
C. Fraser Elliott, Chief Executive Officer
cfraserelliott@gmail.com
(416) 567-3276
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/103729
