Toronto, Ontario–(Newsfile Corp. – April 16, 2020) – CYNTAR VENTURES INC. (CSE: CYN) (the “Company“) wishes to announce the appointment of Mr. Yehonatan Shachar and Mr. Alan Rootenberg, the Company’s CFO, to the board of directors of the Company (the “Board“) effective April 15, 2020. Mr. Harry Chew and Mr. Sonny Chew have resigned as directors on April 15, 2020 to provide a vacancy for the appointments. The Company further announces the appointment of Mr. Gadi Levin as chairman of the Board and chief executive officer (“CEO“) of the Company. Mr. Harry Chew has resigned as the CEO to provide a vacancy for the appointment on April 15, 2020 as well.
Mr. Levin, newly appointed chairman and CEO, wishes to thank Mr. Harry Chew and Mr. Sonny Chew for their services to the Company. He would also like to welcome Mr. Shachar and Mr Rootenberg to the Board and looks forward to working with both of them in bringing shareholder value to the Company.
The Company also wishes to advise that the second closing of its previously announced private placement (See press release dated March 12, 2020) will be delayed for up to two months due to the COVID-19 pandemic.
For further information, please contact:
Gadi Levin, CEO Phone:
ON BEHALF OF THE BOARD OF DIRECTORS
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prov e to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54527