AccelRate Provides Update on Change of Business
2010年12月29日 - 6:15AM
Marketwired
AccelRate Power Systems Inc. (TSX VENTURE: AXP) issued a news
release on November 24, 2010 announcing a proposed property option
which will constitute a Change of Business ("COB") pursuant to
Policy 5.2 of the TSX Venture Exchange. Pursuant to clause 2.2(c)
of Policy 5.2, the Company is required to issue a news release
every 30 days following its initial news release, to update the
status of the COB.
AccelRate advises that there has been no change to the status of
the COB. The Company has made required filings in accordance with
Exchange Policy and anticipates those filings will be reviewed in
the ordinary course once the Exchange has dealt with the current
rush of year end financings and other tax driven transactions. The
Company expects that trading in AccelRate shares will be reinstated
following Exchange review of the initial filings. It will then
proceed to complete arrangements for equity financing and to make
final filings with the Exchange.
The TSXV has in no way passed upon the merits of the proposed
COB and has neither approved nor disapproved the contents of this
press release.
ON BEHALF OF THE BOARD
Reimar Koch, President
AccelRate Power Systems Inc.
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.
Contacts: AccelRate Power Systems Inc. Reimar Koch (604) 688
8656 (604) 688 8654 (FAX) info@accelrate.com
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