Doxa Announces Passing of Mr. G. Arnold Armstrong
Doxa Energy Ltd
" or the "Company
"): It is with great sadness that the Board of Directors of Doxa report the passing of the Company's Chairman and co-founder, Mr. G. Arnold Armstrong.
Mr. Armstrong was a man of great integrity and immense kindness. He maintained a strong passion and joy of life right to the very end. His long and successful life touched and inspired many with his strong presence. Mr. Armstrong was also a mentor to many who aspired to enter into the fields of law, commercial business or the public markets. His words were always kind, wise or full of good humor and frequently all of those simultaneously. Those who were fortunate to know him will miss him deeply.
Doxa's Board of Directors extends its deepest sympathies to Mr. Armstrong's family, friends and to all of his colleagues.
Doxa has no immediate plans to fill the vacancy left on the board by Mr. Armstrong's passing and will continue to progress the transaction with ProStar Geocorp Inc. as announced on November 7, 2018.
This news release contains certain "forward looking statements" relating to the transaction between Doxa and ProStar. Such forward-looking statements involve risks and uncertainties, both known and unknown. The results or events depicted in these forward-looking statements may differ materially from actual results or events. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding and are implicit in, among other things: receipt of regulatory approvals, the state of the capital markets, tax issues associated with doing business internationally, the ability of ProStar to successfully manage the risks inherent in pursuing business opportunities in the technology industry, and the ability of ProStar to obtain and maintain qualified staff, equipment and services in a timely and cost efficient manner to develop its business. Any forward-looking statement reflects information available to Doxa as of the date of this news release and, except as may be required by applicable securities laws, Doxa disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
On behalf of the board of directors of the Company:
John D. Harvison
President and Chief Executive Officer
For further information contact:
Paul McKenzie, director at 604.669.7330
All information contained in this news release relating to Prostar was provided by Prostar to the Company for inclusion herein. The Company has not independently verified such information and shall bear no liability for any misrepresentation contained therein.
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX-V acceptance and if applicable pursuant to TSX-V requirements, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSX-V has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.