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Investment News


QUANTUM INTERNATIONAL INCOME CORP. ANNOUNCES VOTING RESULTS OF 2019 ANNUAL MEETING

Approval of Name Change to Seven Aces Limited

(Toronto: February 14, 2019) Quantum International Income Corp. ("Quantum" or the "Corporation") (TSXV:QIC) is pleased to announce the results of its annual and special meeting of shareholders ("Shareholders") held on February 14, 2019 (the "Meeting").

At the Meeting, Shareholders authorized and approved all matters that were presented, as follows:

(i) re-appointment of RSM Canada LLP as auditors of the Corporation for the ensuing year and authorization of the directors to fix their remuneration;
(ii) re-election of Chad Williams (Chair), Mr. Manu K. Skehri, Ms. Sheila Ogilvie-Harris, Mr. Peter Shippen, Chad Williams and Mr. Mark Lerohl to the board of directors of the Corporation;
(iii) re-approval of the stock option plan of the Corporation; and
(iv) approval to change the name of the Corporation from "Quantum International Income Corp." to "Seven Aces Limited".

Name Change to Seven Aces Limited

At the Meeting, the Shareholders approved a special resolution to authorize the board of directors to change the name of the Corporation from "Quantum International Income Corp." to "Seven Aces Limited". The Corporation is seeking to adopt the name "Seven Aces Limited" to better reflect the Corporation's current operations which are entirely gaming-related in nature following the acquisitions in the Georgia gaming market in October 2016. The name "Seven Aces Limited" more closely aligns the Corporation in the space which it currently operates, with the vision to build a diversified portfolio of world class gaming operations to create value for Shareholders.

The Corporation has notified the TSX Venture Exchange (the "Exchange") of the proposed change of name. Subject to Exchange approval of the name change, it is expected that the Common Shares will commence trading on the Exchange under the new name and under the new stock symbol "ACES" at the opening of business two or three days subsequent to the effecting of the name change by the Corporation, subject to the receipt by the Exchange of the necessary documentation.

Quantum International Income Corp.

Quantum International Income Corp. is a gaming company. Quantum's vision is to build a diversified portfolio of world class gaming operations. The Corporation looks to enhance shareholder value by growing organically and through acquisitions. The Corporation has an active acquisition strategy with a particular focus on cash-flows and high margins. Currently, the Corporation is the largest operator of skill-based gaming machines in the State of Georgia.

More information on Quantum is available at www.quantumincomecorp.com.

For further information please contact Quantum:

Manish Grigo

Vice President, Corporate Affairs

Tel. (416) 569-3292

manish@quantumincomecorp.com

 

Stephanie Lippa

Office Manager

Tel. (416) 477-3411

stephanie@quantumincomecorp.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 release.

Cautionary Statement Regarding Forward-Looking Information

This release contains certain information which, as presented, constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information involves statements that relate to future events and often addresses expected future business and financial performance, containing words such as “expect” and “intend”, statements that an action or event “may” or “will” be taken or occur, or other similar expressions. These statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Corporation to control or predict, and which may cause Quantum’s actual results, performance or achievements to be materially different from those expressed or implied thereby, including, but not limited to, risks related to the inability by Quantum to complete the Acquisition, as well as other factors discussed in the Corporation’s annual information form dated July 23, 2015, (the “Annual Information Form”) which is available on SEDAR under Quantum’s profile at www.sedar.com. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, in the Annual Information Form, and as otherwise disclosed from time to time on SEDAR under Quantum’s profile at www.sedar.com.

Unless otherwise specified in this release, information contained in this release is current as of the date of this release. Unless otherwise specified, all dollar amounts herein refer to Canadian dollars. The Corporation undertakes no obligation to update forward-looking statements except as may be required by applicable Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.