Vancouver, British Columbia – TheNewswire – August 1 2021 – Ord Mountain Resources Corp. (TSXV: OMR.H) (the "Company") is pleased to announce that it continues to work together with BluSky Aviation Group Inc. ("BluSky") towards the entering into of a definitive agreement in connection with its previously announced proposed merger transaction between the Company and BluSky (the "Proposed Transaction") (for further details see the Company’s press release dated July 12, 2021). The parties are in the process of conferring with professional advisors and anticipate entering into the definitive agreement on or before August 31, 2021. BluSky is a private company focusing on the acquisition, transformation, and holdings of distressed or undervalued commercial aviation related assets throughout Western Canada.
The TSX Venture Exchange Inc. (the "Exchange") has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents, or accepts responsibility for the adequacy or accuracy of this news release.
About Ord Mountain Resources Corp.
Ord Mountain Resources Corp., is a capital pool company formed in accordance with Exchange Policy 2.4, which currently traded on the NEX board of the Exchange. Its principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. For additional information, please refer to the Company’s disclosure record on SEDAR (www.sedar.com).
About BluSky Aviation Group Inc.
BluSky Aviation Group Inc. (“BluSky”) (www.bluskycompanies.com) is a company incorporated in the Province of British Columbia in 2021, and created specifically as a private special purpose acquisitions holdings company. Its primary focus is to acquire and restructure distressed or undervalued commercial aviation related assets and technologies in the Pacific Northwest, Western Canada, and Alaska. BluSky has limited operating history with respect to its business activities. It will depend on its ability to raise additional capital to successfully restructure and manage its acquisitions for those businesses to remain competitive and produce future value for its stakeholders. BluSky may continue to experience operating and other challenges as part of its ordinary course of business and cannot assure that it can successfully create value from its intended acquisitions. There are no assurances that BluSky can seek acquisitions that will successfully produce business strategies to sustain growth and overall profitability. BluSky is currently managed by Liquid River Capital Corp. and Arch River Capital LLC.
About Liquid River Capital Corp.
Liquid River Capital Corp. (LRC) (www.liquidrivercapital.com) is a Canadian private investment firm specializing in control-based investments and transformative growth opportunities throughout specific industry sectors across Western Canada. LRC and its US division of Arch River Capital LLC (ARC) (www.archrivercapital.com) bring over three decades of global capital markets management, structured finance, and investment banking expertise. The firm, its partners, and its network of professionals have a successful track record of restructuring distressed businesses, realigning high-risk ventures, and taking advantage of volatile market, arbitrage and hedge based transactions to create substantial value and returns for its stakeholders.
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This Press Release may contain forward-looking statements, which reflect the views of Ord Mountain Resources Corp. and BluSky Aviation Group Inc. Forward-looking statements can be identified by reference to words such as "believe", "expect", potential", "continue", "anticipate", "may", "might", "will", "should", "seek", "approximately", "predict", "intend", "plan", "estimate", "anticipate" or other comparable words. Investments in distressed organizations, restructurings, or highly regulated industry sectors are highly speculative, and forward-looking statements are subject to various risks, uncertainties and assumptions. Should any assumption underlying forward-looking statements contained herein prove incorrect, the actual outcome or results may differ materially from outcomes or results projected.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
No parties make any representations or warranties, expressed or implied, as to the accuracy and completeness of any information contained herein. Any prospective professional services or financial participants should obtain additional information as necessary concerning the Proposed Transaction.
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