Canaccord Genuity Growth II Corp. - Statement Regarding Recent Media Coverage

TORONTO, Oct. 5, 2020 /CNW/ - Canaccord Genuity Growth II Corp. (the "Company") (NEO: CGGZ.UN) is aware of media reports dated October 2, 2020, regarding a potential qualifying transaction between the Company and a target company. The Company's policy is not to comment on market speculation or rumours.

In response to a request by the Investment Industry Regulatory Organization of Canada (IIROC), the Company today confirmed that, as a special purpose acquisition corporation, it has been exploring potential qualifying acquisition transactions. The Company has not entered into any definitive agreement with respect to a qualifying transaction and will disclose details regarding any potential transaction if and when it is legally required or otherwise appropriate to do so. 

About Canaccord Genuity Growth II Corp.

Canaccord Genuity Growth II Corp. is a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting a qualifying transaction within a specified period of time. For more information regarding the Company's business purpose and qualifying transaction targets, see the Company's most recent annual information form, financial statements, management's discussion & analysis and other continuous disclosure documents periodically filed on SEDAR.

Forward–Looking Statements

This press release may contain forward–looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. The Company does not undertake any obligation to update such forward–looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Canaccord Genuity Growth II Corp.

Canaccord Genuity Growth II Corp., Daniel Chung, Chief Financial Officer, Canaccord Genuity Growth II Corp., Vice President Finance, Canaccord Genuity Corp., [phone]

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