Bitumen Capital Announces Termination of Letter of Intent
23 July 2012 - 10:59AM
PR Newswire (Canada)
MONTREAL, July 26, 2012 /CNW Telbec/ - Bitumen Capital Inc.
("Bitumen") a capital pool company listed on the TSX Venture
Exchange's NEX board (the "Exchange") announces that the letter of
intent dated March 16, 2012 with the CVD Group, previously
announced on April 2, 2012, has terminated in accordance with its
terms. Bitumen's board of directors have determined that they could
not proceed with the transaction as structured and that it is in
its best interests to resume the process of identifying and
evaluating businesses and assets with a view to completing its
potential qualifying transaction. Bitumen's common shares are
expected to resume trading on the Exchange on or about August
31(st), 2012. 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. BITUMEN CAPITAL INC. CONTACT: Richard T.
GroomeChief Executive OfficerBitumen Capital Inc.Tel: 514-907-4989
ext 774Email: info@notredamecapital.com
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