Leo Acquisitions Corp. Provides Update on Shareholders' Meeting
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/14/13 -- Leo Acquisitions Corp. ("Leo" or the "Company") (TSX VENTURE: LEQ.P), a capital pool company, today announces that at the annual and special shareholders' meeting (the "Meeting") held on April 26, 2013, shareholders of the Company passed a resolution to approve the application to list the Company's common shares on the NEX board of the TSX Venture Exchange ("TSXV"). Pursuant to TSXV Policy 2.4 - Capital Pool Companies, 50% of the seed shares purchased by Non-Arm's Length Parties, as that term is defined under the TSXV Policies, at a discount to the initial public offering price must be cancelled upon transfer of a capital pool company from the TSXV to NEX. Accordingly, 1,000,000 common shares of the Company held by Non-Arm's Length Parties have been cancelled. These actions are a result of the Company not completing a Qualifying Transaction within the time period prescribed by the TSXV. The common shares of the Company will be listed for trading on the NEX as of the open of business on May 16, 2013.
The Company continues to pursue the Qualifying Transaction described in the press release of the Company dated February 8, 2013.
Forward Looking Statements
This press release contains "forward looking information", as such term is defined in applicable Canadian securities legislation. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward looking information. The forward looking information in this press release is made as of the date of this press release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Leo Acquisitions Corp.
Gerry Goldberg
416.780.2203
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Datum: 14.05.2013 - 13:26 Uhr
Sprache: Deutsch
News-ID 1227232
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