TUCKER SIGNS LETTER AGREEMENT WITH DOMINION WATER RESERVES CORP.
DECEMBER 13, 2019 - TUCKER ACQUISITIONS INC. ("Tucker" or the "Company") is pleased to announce that, following the completion in November of its equity crowdfunding on Vested.ca, Tucker entered into a Letter Agreement (the “Agreement”) with Dominion Water Reserves Corp. (“DWR”).
DWR is a holding company who acquires spring water permits and develops operations across Quebec with plans to expand across Canada and the U.S. The Focus is a long-term commodity play with a recurring cash flow generating business. DWR is strategically positioned to grasp 60% of Quebec’s permits of ground water reserves from the current 40% share already secured by DWR.
Details of the transaction will be provided upon completion of a definitive agreement.
The Agreement provides that following the completion of the transaction, a non-offering prospectus (the “NOP”) will be filed in British Columbia and such other jurisdictions (if any) as the parties may agree and application will be made to list the common shares of the resultant issuer on the Canadian Securities Exchange (“CSE”).
The above plans and the transaction are all subject to a number of conditions precedent being satisfied, including due diligence, financing, any required regulatory approvals, and the finalization of definitive agreements. There is no guarantee the transaction will be completed as contemplated, or at all.
Ashley Macintosh has stepped down as CEO and will stay on as a Director of the company. Ashley states, "I would like to personally thank everyone that participated in the equity crowdfunding for Tucker and I look forward to keeping everyone updated with company developments. Additionally, I would like to commend Vested on their platform and operations, which simplified the crowdfunding process for the investors."
For more information contact:
Tucker Acquisitions Inc.
Ron Perry, President
NEITHER THE CANADIAN SECURITIES 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 LETTER.
Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) the Company’s ability to enter into a definitive agreement with the Target; (ii) a change in market conditions; and (iii) the Company’s ability to satisfy the requirements of the applicable securities commissions and the CSE. Except as required by law, the Company does not intend to update any changes to such statements.
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