Ov2 Investment 1 Inc. Board approves amended bylaws

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TORONTO, May 10, 2019 /CNW/ - Ov2 Investment 1 Inc. (TSXV:OVO.P) ("the "Corporation"), a capital pool company ("CPC"), today announced that its board of directors has approved the adoption of an amendment to the by-laws of the Corporation ("Amended By-Law No. 1").

Amended By-Law No. 1 now provides that a quorum at a meeting of the Corporation's shareholders will be present if persons holding not less than ten percent (10%) of the shares entitled to vote thereat are present in person or represented by proxy.

The Board resolved that Amended By-Law No. 1 will become effective immediately. Pursuant to the Canada Business Corporations Act, the Corporation is required to submit Amended By-Law No. 1 to shareholders of the Corporation at the next meeting of shareholders ("Meeting"). If Amended By-Law No. 1 is confirmed or confirmed as amended by shareholders at the Meeting, it will continue in effect in the form in which it is confirmed. If Amended By-Law No.1 is rejected by shareholders at the Meeting, Amended By-Law No. 1 will cease to be effective.

About Ov2 Investment 1 Inc.

The Corporation is a CPC. It has not commenced commercial operations and has no assets other than a minimum amount of cash. Except as specifically contemplated in the CPC policies of the TSX Venture Exchange, until Completion of the Qualifying Transaction, the Corporation will not carry on any business other than the identification and evaluation of assets or businesses with a view to completing a proposed Qualifying Transaction.

Forward-Looking Statements

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in filings by the Corporation with Canadian securities regulators, which filings are available under the Corporation's profile at www.sedar.com.

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.

SOURCE OV2 Investment 1 Inc.

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