Calgary, Alberta--(Newsfile Corp. - October 2, 2018) - Petrox Resources Corp. (TSXV: PTC) ("Petrox"), announces that the termination date, as defined in the Amalgamation Agreement among Petrox, True North CX Inc. ("TNCX") and Petrox's wholly-owned subsidiary, 2123054 Alberta Ltd. (the "Agreement") providing for the amalgamation of Petrox's and TNCX which was previously announced by Petrox on June 12, 2018, has passed. The Agreement provides that Petrox and TNCX are each entitled to terminate the Agreement by notice in writing to the other party if the conditions precedent to the agreement were not met by the termination date. Neither party has yet provided notice to terminate the Agreement and the parties are currently in discussions to renegotiate the Agreement.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270-2290
Facsimile: (403) 228-3013
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.