“Southcorp intends to seek an acquisition candidate and such a transaction may result in a reverse takeover of the Company.”
I see this as a confirmation of intent to find/select a candidate that will result in RTO". At this point, with all these things hanging in the air and waiting to be finalized, I personally would not put the company at risk by giving any more details than this.
The intent is clear, but they cannot publish any more than it was stated in the PR, as they say, "AS OF NOW" :-) $STHC