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Compass Venture extends outside date of CanniOasis deal

2025-03-26 19:06 ET - News Release

Dr. Kah Meng Lim reports

COMPASS VENTURE PROVIDES UPDATED REGARDING DEFINITIVE AGREEMENT TO ACQUIRE CANNIOASIS PTE. LTD.

Further to Compass Venture Inc.'s press releases dated Oct. 18, 2024, the company and CanniOasis Pte. Ltd. have entered into an amendment agreement to amend the terms of the master exchange agreement dated Oct. 15, 2024, entered into between the company, CanniOasis and all of the shareholders of CanniOasis.

Pursuant to the amendment agreement, the outside date for the proposed transaction contemplated in the master exchange agreement has been extended to Oct. 31, 2025. All other material terms of the master exchange agreement remain unchanged.

About Compass Venture Inc.

The company is a capital pool company within the meaning of Policy 2.4 of the exchange. Except as specifically contemplated in such policy, until the completion of its qualifying transaction, the company will not carry on business, other than the identification and evaluation of companies, businesses or assets with a view to completing a proposed qualifying transactions. Investors are cautioned that trading in the securities of a capital pool company is considered highly speculative.

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