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Edmonton, Alberta, October 30th, 2024 – TheNewswire – Innovotech Inc. (TSX-V: IOT) (“Innovotech” or the “Company”) is pleased to announce conditional acceptance by the TSX Venture Exchange (the “TSXV”) of the acquisition of Keystone Labs Inc. (“Keystone”) as previously announced on September 11, 2024. The parties expect to close imminently, and a further press release will be disseminated upon closing.
The Company also announces that, as per TSXV policy, the final closing date of its private placement unit offering (the “Offering”), as previously announced on September 11, 2024, has been set for November 28, 2024, or earlier (the “Closing Date”). The terms of the Offering will remain the same up to and including the Closing Date.
About Innovotech Inc.:
Innovotech is a Canadian biotechnology company owning proprietary intellectual property, conducting contract research, and owning and providing proprietary devices for testing in multiple applications in microbiology, and can be found online at www.innovotech.ca.
Craig Milne, CEO Innovotech Inc.
+1-604-239-1819 [email protected]
This document may contain forward-looking statements that are predictive in nature and subject to risks and uncertainties that cannot be predicted or quantified; consequently, actual results may differ materially from past results and those expressed or implied by any forward-looking statements. Factors that could cause or contribute to such risks or uncertainties include, but are not limited to: the regulatory environment including the difficulty of predicting regulatory outcomes; changes in the value of the Canadian dollar; the Company’s reliance on a small number of customers including government organizations; fluctuations in operating results; government policies or actions; progress and cost of clinical trials; reliance on key strategic relationships; uncertainty related to intellectual property protection and potential costs associated with its defense; the Company’s exposure to lawsuits and other matters beyond the control of management. Should known or unknown risks or uncertainties materialize, or should management’s assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly make or update any forward- looking statements, except as required by applicable law.
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.
Copyright (c) 2024 TheNewswire – All rights reserved.
