Boost Capital Announces Termination of Proposed Qualifying Transaction With Hollywood Foods
2014年4月24日 - 9:56PM
Marketwired
Boost Capital Announces Termination of Proposed Qualifying
Transaction With Hollywood Foods
TORONTO, ONTARIO--(Marketwired - Apr 24, 2014) - Boost Capital
Corp. ("Boost") (TSX-VENTURE:BST.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 term
sheet (the "Term Sheet") dated February 6, 2014 between Boost and
Hollywood Foods Inc. ("Hollywood Foods") for the arm's length
acquisition of substantially all of the assets of Hollywood Foods,
which was expected to qualify as Boost's "Qualifying Transaction"
as defined by Exchange Policy 2.4.
In addition to the
cease trade orders issued by the British Columbia and Ontario
securities commissions, previously announced, the securities of
Boost are also now subject to a cease trade order issued by the
Alberta Securities Commission for failure to file financial
statements for the year ended March 31, 2013, and the interim
periods ending June 30,2013, September 30, 2013 and December 31,
2013, and related management's discussion and analysis and CEO and
CFO certifications. Boost has filed applications for revocation
with all three securities commissions. Subject to a bulletin
previously issued by the Exchange, upon revocation of the cease
trade orders, the shares of Boost will remain suspended by the
Exchange until the Exchange is satisfied that Boost meets Exchange
requirements.
Boost has called an
annual and special shareholders' meeting for June 2, 2014 which
will include seeking the necessary shareholder approvals for the
purposes of avoiding delisting and transferring its shares to the
NEX board 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 Boost 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,
Boost 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.
Boost Capital Corp.Martin J. DoaneChief Executive Officer(416)
903-6691martin.doane@ubequitycapital.com
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