Termination of Proposed Qualifying Transaction __________________________________________________
Mergers & Acquisitions
CT DEVELOPERS LTD.
1764 Rathburn Road East, Unit1 Mississauga, Ontario L4W 2N8 __________________________________________________
NEWS RELEASE Termination of Proposed Qualifying Transaction __________________________________________________
| May 27, 2020 – CT Developers Ltd. (DEV.H) ("CT" or the "Company"), a capital pool | ||
| company, wishes to update the status of its previously announced qualifying | ||
| transaction, dated | November 14, 2019, | relating to the acquisition (the "Proposed |
| Transaction") of Clinical Blockchain Data Services – now known as CBDS Health | ||
| Inc. ("CBDS"). T |
slow progress, a decision has been made to terminate the Proposed Transaction.
Other Information and Updates
The Company is seeking to have its shares reinstated for trading on the NEX until it arranges a suitable business or other acquisition - an announcement will be made in advance of the commencement of trading.
For further information please contact:
Norman Eyolfson, President &, Chief Executive Officer