BELLEVUE, Wash., Oct. 11, 2017 (GLOBE NEWSWIRE) — Trilogy International Partners Inc., (“TIP Inc.” or the “Company”), (TSX:TRL), an international wireless, fixed, and broadband telecommunications operator, today announced, further to its press release dated September 29, 2017, that the Company has filed a prospectus supplement to its short form base shelf prospectus in Canada and the United States to qualify specified TIP Inc. common shares for resale at times and in amounts determined by the holders of those shares. The prospectus supplement covers certain issued and outstanding TIP Inc. common shares as well as common shares issuable upon redemption of Class C Units of Trilogy International Partners LLC (“Trilogy LLC”) from time to time by the holders thereof.
The filing announced today fulfills an obligation of TIP Inc. and Trilogy LLC, set out in the Trilogy LLC operating agreement, to register certain TIP Inc. shares for resale. The resale registration prospectus supplement does not state, and there can be no assurance, that these holders will sell any or all the common shares covered by the prospectus supplement. The Company will not receive any proceeds from any sale of such shares.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
About Trilogy International Partners Inc.
Trilogy International Partners Inc. (TSX:TRL) is the parent company of Trilogy LLC, a wireless telecommunications operator formed in 2005 by wireless industry pioneers John Stanton, Theresa Gillespie and Brad Horwitz. Its founders have an exceptional track record of successfully buying, building, launching and operating communication businesses in 15 international markets.
Trilogy currently provides wireless telecommunications services through its operating subsidiaries in New Zealand and Bolivia. Its head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004 USA.
For more information, visit www.trilogy-international.com.
About Forward-Looking Information
This news release contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, statements regarding the sale, from time to time, of TIP Inc. common shares and the proceeds thereof. Wherever possible, words such as “plans”, “expects”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, risks identified in TIP Inc.’s Annual Information Form dated March 27, 2017 filed on SEDAR at www.sedar.com and in the United States on Form 40-F through EDGAR at the SEC’s website at www.sec.gov. Forward-looking information is based on the expectations and opinions of TIP Inc.’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.
Vice President, Investor Relations & Corporate Development