We congratulate the founders and team of Ohkwari Corporation N.V. and Turtle Island with listing approval and admission to the DCSX regulated market.
The company issued the following press release last September 29, 2021.
FOR IMMEDIATE RELEASE
September 29, 2021
Contact: [email protected]
We are excited to announce the Dutch Caribbean Stock Exchange (“DCSX”) has approved the direct listing and trading of 35,585,275 existing shares and the Initial Public Offering (“IPO”) of a maximum 17,733,334 new shares in Ohkwari Corporation NV (DCSX Symbol: BEAR).
New shares will be offered at the listing price of USD 0.75 each. PYGG Securities Co. B.V. has been appointed as the DCSX authorized Central Bank licensed lead broker. PYGG Corporate Finance B.V. is the Company mandated Listing Advisor.
Ohkwari Corporation NV is a holding and investment company targeting CBD Wellness projects. “Ohkwari” is a Mohawk word for the bear, a culturally significant animal with medicinal attributes. This animal was chosen as the symbol of the Company to honor its Indigenous roots and to keep the care, protection, and wellness of people at the forefront of Ohkwari Corporation’s actions.
The IPO is undertaken to finance the further business development of Turtle Island Corporation (“TIC”), a Canadian operating company formed to capitalize on the growing medical CBD markets and create shared economic development for all Indigenous people across a global network. TIC focuses on cultivation and CBD wellness products. With its flexible structure and unique market differentiating value-proposition, TIC is positioned to not only be a leader in Canada, but also globally. TIC controls Turtle Island Wellness in the United States and Canada.
“Ohkwari is very pleased to be listed on the DCSX in Curacao, which provides access to foreign direct investment under the Curacao Investor Permit Program and creates the opportunity to introduce our products to the Curacao population, always within the limits of law”, said Larry Timlick, CEO of Turtle Island Corporation. “This will not only allow us to rapidly expand market presence globally, but it will also boost international DCSX awareness and contribute to the local economy in Curacao”, he added.
In close collaboration with the team of Ohkwari and Turtle Island Corporation, PYGG Corporate Finance was able to list BEAR an eligible investment for Curacao Investor Permit applicants looking for residency, or even Dutch citizenship on the longer term. PYGG and DCSX seek to contribute to the Curacao economy by matching entrepreneurs having the intention to start activities in Curacao as part of their overall business plan, with high-net-worth individuals and families considering Curacao as a pleasant, safe, and promising investment, work and living environment. A special Curacao Page with information on Curacao, the Investor Permit Program and DCSX listed eligible investments is under development.
Interested qualified investors can reach out to PYGG Securities Co. for subscription and investor account opening via the following link. Further details about the Offering can be found on the Markets Page of the DCSX website under Equities Symbol BEAR, under Company Information. Information on the Ohkwari Corporation can be found at www.turtleisland.com or www.OhkwariCorp.com.
This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will”, “allow” and similar expressions, or are those, which, by their nature, refer to future events. Although these forward- looking statements are reasonable to the Company based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or
implied in such forward-looking statements. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements in this press release, see the section entitled “Risk Factors” in the most recent Prospectus which may be accessed through the Company’s profile on the DCSX. Ohkwari Corporation NV cautions investors that any forward-looking information provided is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.