FREDERICTON, New Brunswick , Oct. 05, 2018 (GLOBE NEWSWIRE) -- Trius Investments Inc. (“Trius” or the “Company”) (TSXV:TRU.H) wishes to provide the following updates.
As Trius no longer has active business operations or material assets other than cash, the Company expects to produce its financial statements and MD&A for the third fiscal quarter of 2018 more quickly than in previous quarters. Trius expects to publish these filings in late October.
Trius continues to search for investments and new business opportunities that can deliver value for its shareholders. Trius has not entered into any agreements in respect of any specific potential transactions, and there can be no assurance that Trius’ efforts will result in any transaction being pursued, entered into, or consummated.
Finally, Trius announces that today it has granted 25,000 incentive stock options (“Options”) to an arm’s length consultant providing advisory services to the Company for no additional compensation. These Options were granted in accordance with the Company’s Stock Option Plan and have an exercise price of $0.17 each, a one-year term, and vest immediately. This grant of Options remains subject to the approval of the NEX board of the TSX Venture Exchange.
For further information, please contact:
Joel Freudman
President and Chief Executive Officer
Trius Investments Inc.
Telephone: (647) 880-6414
Cautionary Statements
Neither the 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 press release.
This press release contains certain forward-looking statements, including statements regarding potential corporate transactions and the timing of the Company’s quarterly filings. These statements are based on numerous assumptions believed by management to be reasonable in the circumstances, including that Trius will succeed in sourcing and executing one or more transactions, and that Trius will be able to complete its quarterly filings in a timely manner, and are subject to a number of risks and uncertainties, including without limitation: inability to source, structure and/or execute transactions on favourable terms or at all; unforeseen delays in preparing quarterly filings; regulatory approval processes; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.