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WAY.P

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Share Name Share Symbol Market Type
TSXV:WAY.P TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Way Ventures Inc. Announces Filing of Final Prospectus in Respect of Its Qualifying Transaction with UGE Holdings Limited

22/07/2014 4:59pm

Marketwired Canada


Way Ventures Inc. ("Way Ventures") (TSX VENTURE:WAY.P), a Capital Pool Company,
is pleased to announce that it has received conditional approval from the TSX
Venture Exchange (the "Exchange") for completion of its qualifying transaction,
as previously announced on September 10, 2013 and as updated on April 14, 2014,
with UGE Holdings Limited ("UGE") and has filed its final prospectus in respect
of the qualifying transaction on Way Ventures' profile at www.sedar.com. Way
Ventures and UGE will complete a business combination (the "Transaction")
whereby all of the issued and outstanding securities of UGE will be exchanged
for securities of Way Ventures. The Transaction is intended to constitute the
Qualifying Transaction of Way Ventures as such term is defined in Policy 2.4 of
the Corporate Finance Manual of the Exchange. Upon closing of the Transaction,
Way Ventures will change its name to "UGE International Ltd.", and it is
anticipated that shortly after closing, common shares of Way Ventures will
resume trading on the Exchange under the ticker symbol "UG."


The Transaction is currently scheduled to close on or about July 28, 2014, or
such other date as the parties may agree to. 


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance. 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 prospectus, 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 a capital pool company should be considered highly
speculative.


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.


An agreement to sponsor should not be construed as any assurance with respect to
the merits of the transaction or the likelihood of completion. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Way Ventures Inc.
Matthew Watson
President, Secretary and Director
(250) 888-5356


UGE Holdings Limited
Jian Yang
Chief Financial Officer
(917) 475-6453
jian.yang@urbangreenenergy.com

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