Percy Street Capital Corporation Announces Resumpt

OTTAWA, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Percy Street Capital Corporation (“Percy Street” or the “Corporation”) (TSXV:PSC.P), a Capital Pool Company (“CPC”), announced today that trading of its shares will resume on December 15, 2017. Trading was halted voluntarily at the request of the Corporation pending an announcement of an agreement in principal with a target company to complete a Qualify Transaction and the execution of a letter of intent (the “LOI”). Prior to the announcement, however, the Corporation and the target agreed to terminate the LOI.  

Percy Street will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction and will make further announcements with respect to these efforts as soon as practically possible.

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 press release.

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 the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

This is not an offer for sale, or solicitation of an offer to buy, in the United States or to any U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) of any equity shares or any other securities of the Corporation or HOW.

For more information, please contact: Timothy McCunn, Chief Executive Officer Percy Street Capital Corporation T: (613) 238-2022 F: (613) 238-8775 tmccunn@perlaw.ca