TORONTO, ONTARIO, CANADA, February 11, 2022 /EINPresswire.com/ — Jaguar Financial Corporation (“Jaguar”) announces that it has entered into an agreement to amend the terms of its previously announced Letter of Understanding with Maritime Launch Services Ltd. (“MLS”). Under the amending agreement, MLS is permitted to enter into discussions with a third party in connection with the consummation of a merger. If such merger is consummated, the proposed reverse takeover of Jaguar by MLS and its shareholders (the “RTO”) will be terminated, and MLS will be required to pay a severance fee to Jaguar and reimburse Jaguar for costs incurred in under the RTO (collectively, the “Termination Fee”).
For more information please contact:
Jaguar Financial Corporation
Michael Lerner, CEO and Director
Phone: (416) 710-4906
Email: [email protected]
This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements regarding termination fees and termination of the transaction subject to payment of termination fees. Although Jaguar believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors which have been deemed appropriate, that the expectations reflected in such forward-looking information are reasonable, it does not should not rely on it unduly. as Jaguar cannot guarantee that they will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by such statements depending on, among other things, the risk that the termination fee will not be paid or will not be paid in a timely manner. The statements contained in this press release are made as of the date of this press release. Jaguar undertakes no obligation to comment on any analyses, expectations or statements made by third parties regarding Jaguar, MLS, their securities or their respective financial or operating results (if any).
JAGUAR FINANCIAL CORPORATION