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Manado Gold Corp., CA56165T2083

Manado Gold Corp., CA56165T2083

20.11.2019 - 12:02:58

Manado Provides Business Update on Proposed Target InsuraGuest Inc.

DGAP-News: Manado Gold Corp.

/ Key word(s): Miscellaneous

Manado Provides Business Update on Proposed Target InsuraGuest Inc.

20.11.2019 / 12:00

The issuer is solely responsible for the content of this announcement.

August 2019

Announces international sales contract with world renowned hotelier Roger Bloss.

July 2019

Signs contract for the commercial installation of the InsuraGuest's Program at WISP Resort, a 168-room resort in McHenry, Maryland

March 2019

Obtains specialized master policy insurance product from Great American Insurance Group for use as insurance coverage provided to hotels and their guests under the InsuraGuest Program

February 2019

Installs and completes testing of the InsuraGuest Program at a 200+ room hotel in Wintergreen, Virginia

January 2019

Obtains an insurance product from Prime Insurance Company for use as insurance coverage provided to hotels and their guests under the InsuraGuest Program

Transaction Completion

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. The shareholder meeting is set for Nov. 29, 2019. There can be no assurance that the transaction will be completed as proposed or at all. For further details please refer to Manado's Information Circular filed on SEDAR and the news release dated Nov. 6, 2019.

About InsuraGuest Inc.

InsuraGuest Inc. is a SaaS company, which has developed and is utilizing a proprietary InsurTech software platform, that is, technology aimed at facilitating the delivery and maintenance of insurance products issued by licensed insurers. InsuraGuest's software integrates with hotels and vacation rentals Property Management Systems through its application program interface, to deliver a specialized product that has an insurance component which provides primary insurance coverage for a registered guests personal property and accident medical expense, as well as providing accidental death & dismemberment benefits while on property. The benefit of InsuraGuest's model is it uses an InsurTech software platform to provide a product that transfers certain risks from the property to the policy.

Manado Gold Corp.Logan AndersonPresident

For further information, please contact:Investor Relations: ManadoDave RyanPhone: (604) 685-4745Email: manadogold@outlook.com

Investor Relations: InsuraGuest Inc.Phone: 212-466-6200 Ext. #1Email: Info@InsuraGuest.com

Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Manado cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Manado's control, including among others: that Manado will complete a private placement; that Manado will obtain all necessary court, shareholder and regulatory approvals for the arrangement; that Manado will be able to complete the arrangement as expected. Investors should be cautioned that all forward-looking statements are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: that Manado may not complete its private placement; that Manado may be unable to obtain all necessary court, shareholder and regulatory approvals for the arrangement as and when expected or at all; that the arrangement may not be completed as expected or at all. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Manado undertakes no obligation to publicly update or revise forward-looking information.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49906

Click on, or paste the following link into your web browser,to view the associated documents

http://www.newsfilecorp.com/release/49906 News Source: Newsfile

20.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Manado Gold Corp.

Canada ISIN: CA56165T2083 EQS News ID: 917385   End of News DGAP News Service

917385  20.11.2019 

@ dgap.de