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Investment News


SEVEN ACES LIMITED ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2019

(Toronto: August 27, 2019) Seven Aces Limited (formerly Quantum International Income Corp.) (the "Corporation" or "Aces") (TSXV: ACES) is pleased to announce the filing of its financial results for the second quarter of fiscal 2019. The Corporation recently changed its fiscal year end date from February 28th to December 31st. For more information, please see the condensed interim consolidated financial statements of the Corporation for the second quarter ended June 30, 2019 and the related management's discussion and analysis, which are available electronically on SEDAR (www.sedar.com) under Aces' issuer profile. All figures are in U.S. dollars unless otherwise noted.

"We are pleased with the consistent nature of revenues generated in the second quarter. In addition to the strong quarterly results, subsequent to the quarter end we have increased our ownership stake in Lucky Bucks from 60% to 70% and have closed three acquisitions" said Manu K. Sekhri, Chief Executive Officer of Aces. "We have also purchased over 3.5 million shares as part of our NCIB program at attractive prices which we believe is accretive to Aces' shareholders".

More information on ACES is available at www.sevenaces.com.

For further information please contact Seven Aces:

Manish Grigo

Vice President, Corporate Affairs

Tel. (416) 569-3292

manish@sevenaces.com

 

Stephanie Lippa

Office Manager

Tel. (416) 477-3411

stephanie@sevenaces.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.