CPC Canadian Platinum Corp

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES


Work Horse Capital & Strategic Acquisitions Ltd. ("WHC" or the "Corporation")
(TSX VENTURE:WHC.P), a Capital Pool Company ("CPC"), is pleased to announce that
it intends to close its proposed qualifying transaction with Personal Web
Systems, Inc. ("PWS"), a private company based in Palo Alto, California (the
"Transaction") on October 29, 2010. This transaction was previously described in
a comprehensive press release dated June 29, 2010. 


The Transaction will constitute an arm's length qualifying transaction, as no
party to the transaction is a "Control Person" (as defined in TSX Venture
Exchange Policy 1.1) of both PWS and WHC. There is no requirement to obtain
shareholder approval of the Qualifying Transaction from the shareholders of WHC,
and no "Majority of the Minority" requirements are triggered under TSX Venture
Exchange Policy 5.9. 


Complete details regarding the Transaction, the concurrent private placement,
WHC, PWS and the Resulting Issuer on completion of the Transaction may be found
in the Filing Statement the Corporation filed on SEDAR today, at www.sedar.com.


Completion of the Transaction is subject to a number of conditions, including
but not limited to, completion of satisfactory due diligence, completion of the
concurrent private placement and receipt of all applicable consents to and
approvals of the Transaction including final approval of the TSX Venture
Exchange (the "Exchange"); compliance with, and qualification for, the
registration exemption requirements set forth in Section 3(a)(10) of the United
States Securities and Exchange Act of 1933, as amended, and applicable state
securities laws. The Transaction cannot close until the required approvals and
exemptions are obtained. 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 of WHC
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 securities of a capital pool company
should be considered highly speculative.


The Exchange has in no way passed upon the merits of the Transaction and has
neither approved nor disapproved the contents of this press release.


Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements. These and all subsequent written and oral statements containing
forward-looking information are based on the estimates and opinions of
management on the dates they are made and expressly qualified in their entirety
by this notice. 


The Corporation assumes no obligation to update the forward-looking statements,
or to update the reasons why actual results could differ from those reflected in
the forward looking-statements unless and until required by securities laws
applicable to the Corporation. Readers are cautioned not to place undue reliance
on any statements of forward-looking information that speak only as of the date
of this release. Additional information identifying risks and uncertainties is
contained in the Corporation's filings with the Canadian securities regulators,
which filings are available at www.sedar.com. 


This communication shall not constitute solicitation of a proxy, an offer to
purchase nor a solicitation of an offer to sell shares of PWS. The WHC shares to
be issued in the Transaction have not been and will not be registered under the
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements. WHC intends to issue such WHC shares pursuant to the exemption
from registration set forth in Section 3(a)(10) of the Securities Act and
applicable exemptions from state securities laws. Such exemptions have not yet
been secured.

Canadian Platinum Corp. (TSXV:CPC)
過去 株価チャート
から 6 2024 まで 7 2024

Canadian Platinum Corp. (TSXV:CPC)
過去 株価チャート
から 7 2023 まで 7 2024