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SAQ.H Synergy Acquisition Corp

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Share Name Share Symbol Market Type
Synergy Acquisition Corp TSXV:SAQ.H TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Synergy Acquisition Corp. Announces Completion of RTO and Private Placements

11/10/2013 3:18am

Marketwired Canada


Synergy Acquisition Corp. ("Synergy" or the "Corporation") (NEX:SAQ.H) is
pleased to announce that it has completed today its previously announced
transactions, including the arm's length acquisition of a significant number of
mining claim assets, private placements and reverse take-over of the Corporation
(the "Transactions"). Reference should be made to the Corporation's press
release of July 16, 2013 for further details on the Transactions.


About the Transactions

Synergy has purchased all the rights and interest in approximately 2,950 mining
claims located in the Province of Quebec (the "Claims") from 9248-7792 Quebec
Inc. ("9248") and 9257-1256 Quebec Inc. ("9257") ("9248" and "9257" hereinafter
collectively, "Quebec Co.") for an aggregate consideration of 10,000,000 common
shares of Synergy to be issued at a deemed price of $0.06 per share in
accordance with two definitive claims purchase and rollover agreements entered
into between the respective parties. 


Concurrent with the closing of the Transactions, Synergy has completed two
non-brokered private placements, (the "Offerings"), raising total gross proceeds
of $167,500 through the issuance of 3,250,000 Synergy common shares at $0.05 per
common share and 50,000 Synergy common shares at $0.10 per common share. All
subscribers in the Offering were arms-length accredited investors except for one
current director who subscribed for 500,000 Synergy common shares at $0.05 per
common share.


Following completion of the Transactions, Quebec Co. owns approximately 60.4% of
the issued and outstanding common shares of Synergy (the "Synergy Shares").


The Corporation has obtained the written consent of the holders of a majority of
its voting shares approving the Transactions and the listing of the Corporation
on the Canadian National Stock Exchange ("CNSX"). The TSX Venture Exchange has
conditionally approved the Corporation's application for voluntary delisting
from NEX and the CNSX has conditionally approved the Corporation's listing on
the CNSX.


Further information, including the composition of the new board of directors and
officers of the Corporation, will be provided in a subsequent press release once
the listing on CNSX is effective.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward-looking statements.
Although Synergy believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the expectations of
any forward looking statements will prove to be correct. Except as required by
law, Synergy disclaims any intention and assumes no obligation to update or
revise any forward looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions, changes in
factors affecting such forward looking statements or otherwise.


About Synergy

The Corporation currently holds multiple property interests in gold, base-metal
and strategic metals projects in the Province of Quebec.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Guy Paul Allard
514-878-8876
gp.allard@dentons.com

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