N※N

Corbal files Filing Statement on SEDAR in connection with its proposed qualifying transaction with iSign Media and concurrent f

  //business-finance.news-articles.net/content/200 .. ansaction-with-isign-media-and-concurrent-f.html
  Published in Business and Finance on Tuesday, July 14th 2009 at 15:59 GMT, Last Modified on 2009-07-14 15:59:52 by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

 SYMBOL: RBL.P TORONTO, July 14 /CNW/ - Corbal Capital Corp. ("Corbal") (TSX-V:RBL.P) is pleased to announce that it has filed its Filing Statement on SEDAR ([ www.sedar.com ]) pursuant to TSX Venture Exchange requirements in connection with its previously announced reverse take-over (the "Reverse Take-Over") with iSign Media Corp. ("iSign"). Concurrently with the closing of the Reverse Take-Over, and subject to regulatory approval, Corbal will complete a non-brokered private placement financing of a minimum of $750,000 and a maximum of $1,200,000 consisting of units at $0.25 per unit (a "Unit"). Each Unit shall consist of one share in the capital of Corbal and one purchase warrant (a "Warrant"). Each Warrant shall entitle the holder to purchase one additional share in the capital of Corbal at a price of $0.40 per share for a period of 24 months from the closing of the financing. The closing of the financing is conditional on the closing of the Reverse Take-Over. All securities issued pursuant to the financing will be subject to a four-month hold period. The net proceeds of the financing will be employed by Corbal for working capital and for general operating expenses. Finders fees may be payable to eligible persons with respect to the financing and will be subject to regulatory approval. Corbal and iSign anticipate closing the Reverse Take-Over and financing on or about July 31, 2009. Following the completion of the transactions contemplated hereby, Corbal will continue to carry on the business of iSign. iSign, with operations based out of Vancouver and Toronto, Canada, is an interactive media technology company that has applied for a patent with respect to its proximity instant messaging service. Proximity Advertising consists of broadcasting advertisements digitally from any location to a consumer's cell phone via bluetooth technology. There are presently over 4.1 billion cell phones in the world today and this number is constantly growing. The Filing Statement is the disclosure document that outlines the details of the Reverse Take-Over, the concurrent private placement, information about Corbal and information about the target company, iSign, and its business, including financial statements of Corbal, iSign and pro forma financial statements. Readers of this release are encouraged to review the information in the Filing Statement. Completion of the Reverse Take-Over remains conditional on obtaining all necessary regulatory and shareholder approvals, including the approval of the Exchange, and other conditions which are typical for a business combination transaction of this type. There can be no assurance that the Transaction will be completed as proposed or at all. The information in this press release related to iSign was provided to Corbal by iSign. This news release may contain forward-looking statements that are based on Corbal's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and Corbal undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, except as required by law. 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. 

For further information: Mr. John Sickinger, Chief Executive Officer, Corbal Capital Corp., Tel: (705) 706-2662, [ ssickinger@sympatico.ca ]