Focused Capital Corp. Announces Termination of Proposed Qualifying Transaction With Radar Capital
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 07/17/15 -- Focused Capital Corp. ("Focused Capital") (TSX VENTURE: FLO.H), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), announces the termination of the non-binding letter of intent (the "LOI") dated June 9, 2015 between Focused Capital and Radar Capital Inc. ("Radar"), which was intended to qualify as Focused Capital's "Qualifying Transaction" as defined by Exchange Policy 2.4. Accordingly, it is anticipated that the common shares of Focused Capital will be reinstated to trading in the next few days.
About Focused Capital Corp.
Focused Capital, a capital pool company within the meaning of the policies of the Exchange, does not have any operations and has no assets other than cash. Focused Capital's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the Exchange.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements, including the anticipated date the common shares will be reinstated for trading. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Focused Capital believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Focused Capital disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
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.
Contacts:
Focused Capital Corp.
Mark Goodman
Chief Executive Officer
(416) 365-5010
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Datum: 17.07.2015 - 17:10 Uhr
Sprache: Deutsch
News-ID 407641
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TORONTO, ONTARIO
Kategorie:
Investment Services & Trading
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