Focused Capital II Corp. Announces Termination of Qualifying Transaction With United Hydrocarbon International Corp.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/18/13 -- Focused Capital II Corp. ("Focused Capital II") (TSX VENTURE: FAV.P), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), announces the termination of the letter of intent (the "LOI") dated July 6, 2012, as amended, between Focused Capital II and United Hydrocarbon International Corp. ("UHI") for the arm's length acquisition of 100% of the common shares of UHI, which was expected to qualify as Focused Capital II's "Qualifying Transaction" as defined by Exchange Policy 2.4. Accordingly, the common shares of Focused Capital will resume trading on the Exchange at the opening of the market on March 19, 2013.
About Focused Capital II Corp.
Focused Capital II, a capital pool company within the meaning of the policies of the Exchange, was listed on the Exchange on December 28, 2011. Focused Capital II does not have any operations and has no assets other than cash. Focused Capital II'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. 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 II 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 II 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 II Corp.
Mark Goodman
Chief Executive Officer
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Datum: 18.03.2013 - 13:20 Uhr
Sprache: Deutsch
News-ID 1207897
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