Niagara Ventures Corporation Resumes Trading on the TSX Venture Exchange and Provides Corporate Update
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/09/14 -- Niagara Ventures Corporation ("NVC") (TSX VENTURE: NIA) is pleased to announce that, further to its news release of December 5, 2014 announcing the completion of its acquisition (the "Transaction") of Blu-Dot Beverage Company Inc. ("Blu-Dot"), NVC will be reinstated for trading on the TSX Venture Exchange (the "TSXV") effective at the opening on Thursday, December 11, 2014. As the Transaction constitutes the "Qualifying Transaction" of NVC pursuant to the policies of the TSXV, NVC will no longer be considered a Capital Pool Company and the trading symbol for NVC will change from "NIA.P" to "NIA".
Following the completion of the Transaction, NVC issued 50,000 common shares, at a deemed issue price of $0.20 per share, to Beacon Securities Limited, as partial consideration for acting as sponsor of the Transaction. As a result, there are currently an aggregate of 19,966,032 common shares of NVC issued and outstanding.
Further, effective upon closing of the Transaction, Larry Phillips resigned as Chief Executive Officer and Corporate Secretary of NVC. Mr. Phillips continues to serve as Chairman of the board of directors of NVC. Ron McEachern, a director of NVC, has been appointed Chief Executive Officer and Corporate Secretary of NVC. Ron has extensive experience and proven success building and leading beverage and consumer food businesses on a global basis. NVC''s stated strategic objective is to, over the long term, build and develop an array of good for you nutritional and healthy, market leading food and beverage brands available on a global basis.
Further information concerning NVC, Blu-Dot and the Transaction is contained in the filing statement of NVC dated November 25, 2014 prepared in connection with the Transaction (the "Filing Statement"). The Filing Statement is available for review under NVC''s corporate profile on SEDAR at .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Niagara Ventures Corporation
Scott Anderson
Director
647-882-2645
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Datum: 09.12.2014 - 17:26 Uhr
Sprache: Deutsch
News-ID 1324143
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