Business & Finance
Business and Finance
Business and Finance
Wed, September 5, 2012 Big Mojo Capital Inc. Enters Into Share Purchase Agreement
September 05, 2012 13:39 ET
Big Mojo Capital Inc. Enters Into Share Purchase Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2012) - Big Mojo Capital Inc. (the "Corporation") (TSX VENTURE:MJJ.P) announces, further to its press release issued June 29, 2012 announcing its proposed Qualifying Transaction, that the Corporation has entered into a definitive share purchase agreement (the "Share Purchase Agreement") with CapGain Properties Inc. ("CapGain") and the shareholders of CapGain. Pursuant to the Share Purchase Agreement, and subject to acceptance by the TSX Venture Exchange and meeting regulatory requirements, the Corporation will acquire all of the issued and outstanding Common Shares and Preferred Shares, Series A of CapGain (the "Acquisition"). Unless otherwise agreed upon by the Corporation and CapGain, the closing date of the Acquisition is to be not later than October 31, 2012. Upon completion of the Acquisition, CapGain will be a wholly owned subsidiary of the Corporation operating in the real estate investment sector, with the operations of CapGain being the Corporation's main business.
Trading in the shares of the Corporation will remain halted until such time as the Qualifying Transaction is completed.
Union Securities Ltd., subject to completion of satisfactory due diligence, has agreed to act as sponsor in connection with the transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.
Completion of the transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
NEITHER THE 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.
