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Published in Business and Finance on Monday, April 29th 2013 at 13:45 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
April 29, 2013 16:36 ET
Focused Capital Corp. Announces Termination of Qualifying Transaction With Mongolia Minerals Corporation
TORONTO, ONTARIO--(Marketwired - April 29, 2013) - Focused Capital Corp. ("Focused Capital") (TSX VENTURE:FLO.P), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), announces the termination of the non-binding letter of intent (the "LOI") dated March 6, 2013 between Focused Capital and Mongolia Minerals Corporation ("MMC") for the acquisition of 100% of the common shares of MMC, which was expected to qualify as Focused Capital's "Qualifying Transaction" as defined by Exchange Policy 2.4. Accordingly, the common shares of Focused Capital are scheduled to be reinstated to trading effective the opening May 1, 2013.
About Focused Capital Corp.
Focused Capital, a capital pool company within the meaning of the policies of the Exchange, does not have any operations and has no assets other than cash. Focused Capital'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 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 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.
