DGL INVESTMENTS NO. 1 INC. Announces Termination of Letter of Intent with Toropunto Silver

Not for distribution to U.S. news wire services or for dissemination in the United States

 

Vancouver, B.C., Canada – TheNewswire – August 11, 2022. DGL Investments No. 1 Inc. (“DGL” or the “Company”) (TSXV:DGL.P) announces that the Letter of Intent it had entered into with Toropunto Silver Inc. as announced by News Release dated November 25, 2021 has been mutually terminated by the parties as of August 3, 2022.

The parties made extensive attempts to secure financing for the proposed transaction, however it could not be agreed within a timeframe that met the parties’ expectations.

 

As a result DGL is now actively seeking a business to acquire as its qualifying transaction.

 

It is expected that the Company’s common shares will recommence trading on the TSX Venture Exchange (the “TSXV”) at such time as the TSXV has completed its resumption of trading review.

 

Other Information and Updates

 

DGL will continue to provide further details in respect of any proposed qualifying transaction, in due course, by way of news releases.

 

About DGL

 

DGL is a capital pool company. The Company is engaged in the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

 

For further information, please contact:

 

Gurpreet S. Sangha

President and Chief Executive Officer

DGL Investments No. 1 Inc.

 

Telephone: (778) 245-2282

Email: gsangha2x4@hotmail.com

 

Neither 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 news release.

Not for distribution to U.S. news wire services or for dissemination in the United States

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