(TheNewswire)
Vancouver, B.C., Canada – TheNewswire - June 20 , 2024 - DGLInvestments No. 1 Inc. (" DGL " or the“ Company ”) (TSXV: DGL.P) announces that the Letter of Intent it hadentered into with DACTA SG PTE. LTD. as announced by News Releasedated January 15, 2024 has expired and will not be renewed.
The parties made extensive attempts to secure financingfor the proposed transaction, however it could not be agreed within atimeframe that met the parties’ expectations.
As a result DGL is now actively seeking a business toacquire as its qualifying transaction.
It is expected that the Company’s common shares willrecommence trading on the TSX Venture Exchange (the “ TSXV ”) at such timeas the TSXV has completed its resumption of trading review.
Other Information and Updates
DGL will continue to provide further details in respectof any proposed qualifying transaction, in due course, by way of newsreleases.
About DGL
DGL is a capital pool company. The Company is engagedin the identification and evaluation of assets or businesses with aview 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 TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this newsrelease.
Not fordistribution to U.S. news wire services or for dissemination in theUnited States
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