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11/7/17

And the Deepgreen deal collapses

Remember this post? And this one of course (even better). Seems things didn't turn out quite the way Bri-Bri imagined.

Vancouver, British Columbia, November 2, 2017 – DV Resources Ltd. (“DV” or the “Company”) (TSXV – DLV.H) announces that, due to certain conditions precedent to its proposed business combination transaction with DeepGreen Resources Inc. (“DeepGreen”), which was originally announced by DV on May 30, 2017, remaining unfulfilled, and by mutual agreement, DeepGreen and DV have allowed the amalgamation agreement to lapse as of October 31, 2017.
DeepGreen has advised DV that it has determined to raise capital privately and postpone its going public process.
The Company further announces the resignation of Brian Paes-Braga as Director, and Melinda Coghill as CFO and Corporate Secretary. Jasvir Kaloti has been appointed CFO and Corporate Secretary of the Company.