Focused Capital Corp. Announces Termination of Proposed Qualifying Transaction With Quincy Oil & Gas Corp.
17 January 2014 - 8:02AM
Marketwired
Focused Capital Corp. Announces Termination of Proposed Qualifying
Transaction With Quincy Oil & Gas Corp.
TORONTO, ONTARIO--(Marketwired - Jan 16, 2014) - Focused Capital
Corp. ("Focused Capital") (TSX-VENTURE:FLO.H), 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 August 20, 2013 between Focused
Capital and Quincy Oil & Gas Corp. ("Quincy") for the
acquisition of 100% of the common shares of Quincy, 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 on the
NEX trading board of the Exchange effective the opening January 20,
2014.
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.
Focused Capital Corp.Mark GoodmanChief Executive Officer(416)
924-9893mgoodman@dundeecorporation.com
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