VAUGHAN, ONTARIO – NOVEMBER 7, 2023 – Delota Corp. (“Delota” or the “Company“) (CSE: LOTA, FRA: S62) is pleased to announce that it has, pursuant to a previously entered non-exclusive issuer trading services agreement (the “Trading Agreement”) with Independent Trading Group, Inc. (“ITG”), amended the Trading Agreement which provides for market making services and contributes to the market liquidity of the Company’s common shares in accordance with Canadian Securities Exchange (the “CSE”) policies (the “Services”) for an amended term of three months.
Effective February 12, 2021, the Company engaged ITG to provide the Services for an open‐ended term which has not been terminated to date. Pursuant to an amendment agreement dated November 1, 2023, ITG will be compensated in the amount of $7,000 per month for November 2023, December 2023, and January 2024 and will thereafter be compensated in the amount of $5,000 per month unless terminated in accordance with the provisions of the Trading Agreement.
ITG did not and will not receive shares or options as compensation, however, ITG and its clients may have or may acquire a direct interest in the securities of the Company. The Company and ITG are unrelated and unaffiliated entities. ITG is a member of the Canadian Investment Regulatory Organization (CIRO) and can access all Canadian stock exchanges and alternative trading systems. The capital and securities required for any trade undertaken by ITG as principal will be provided by ITG.
About Independent Trading Group Inc.
Independent Trading Group Inc. (ITG) is Canada’s only brokerage firm dedicated specifically to professional trading. As Canada’s foremost market making firm, ITG provides market making and liquidity provider services that are objective and focused. ITG employs real traders and provides real liquidity, with an underlying emphasis on integrity and success.
About Delota Corp.
Delota Corp. is a nicotine vape enterprise that spearheads the smoke-free revolution in Canada, catering to adult consumers seeking alternative to traditional combustible tobacco. With a strong emphasis on delivering exceptional retail experiences and carefully curated product offerings, the Company is dedicated to redefining the way people transition away from smoking. The Company’s flagship brand, 180 Smoke Vape Store, stands as Ontario’s largest specialty omnichannel vape retailer, fueling innovation, growth, and leadership in the retail vape space.
Forward-Looking Information and Cautionary Statements
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the stated terms, Lead Investor, Guarantors, collateral, use of proceeds, expenses, and timeline of the Offering; the Company’s issuance of the Debentures, Warrants (and the underlying Warrant Shares if exercised), and potential issuance of Shares (if the Debentures are converted); and the Offering and potential adjustments will be conducted in accordance with the policies of the CSE.
Forward-looking information in this press release are based on certain assumptions and expected future events, including but not limited to: the Company has the ability to carry out the Offering as stated; the Company has the ability to issue the Debentures, Warrants (and the underlying Warrant Shares if exercised), and Shares (if the Debentures are converted); and the Offering and potential adjustments being conducted in accordance with the policies of the CSE.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to carry out the Offering as stated; the Company’s inability to issue the Debentures, Warrants (and the underlying Warrant Shares if exercised), and Shares (if the Debentures are converted); and the Offering and potential adjustments not being conducted in accordance with the policies of the CSE, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
For further information, please contact:
Executive Vice Chair and CEO
T: (905) 330-1602
E: [email protected]