Midpoint Holdings Ltd., Formerly Javelina Resources Ltd., to Commence Trading on TSX Venture Exchange
01 May 2013 - 7:19AM
Marketwired Canada
Midpoint Holdings Ltd., formerly Javelina Resources Ltd. ("Midpoint"), (TSX
VENTURE:MPT) is pleased to announce that trading in the shares of Midpoint on
the TSX Venture Exchange will commence on May 1, 2013, under the symbol "MPT".
Midpoint recently completed its qualifying transaction, acquiring all the issued
shares of BuyFX Ltd. ("BuyFX") through the amalgamation of Midpoint's
wholly-owned subsidiary ("Subco") with BuyFX. BuyFX is a private company
incorporated pursuant to the laws of Bermuda. BuyFX operates a peer to peer
foreign exchange matching platform through its wholly-owned UK subsidiary,
Midpoint & Transfer Ltd. ("Midpoint & Transfer"). The platform allows any
registered and authorised individuals or companies to conduct foreign exchange
transactions for a transparent fee at the Interbank midpoint or mid-market rate,
through its website www.midpoint.com.
This press release contains "forward-looking information" within the meaning of
Canadian securities legislation. All information contained herein that is not
clearly historical in nature may constitute forward-looking information.
Generally, such forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of Midpoint, BuyFX or Midpoint & Transfer to be
materially different from those expressed or implied by such forward-looking
information, including but not limited to: (i) the possibility that the
Amalgamation will not be completed; (ii) volatile stock price; (iii) the general
global markets and economic conditions; (iv) the possibility of write-downs and
impairments; (v) the risk associated with development and operations of
technology companies; (vi) the risk associated with establishing ownership of
intellectual property; (vii) competition faced by the Midpoint in securing
experienced personnel and financing; (viii) access to adequate infrastructure to
support operational activities; (ix) risks related to potential conflicts of
interest; (x) the reliance on key personnel; (xi) liquidity risks; (xii) the
risk of potential dilution through the issue of additional shares; (xiii)
Midpoint does not anticipate declaring dividends in the near term; (xiv) the
risk of litigation; and (xv) risk management.
Forward-looking information is based on assumptions management believes to be
reasonable at the time such statements are made, including but not limited to,
completion of the Amalgamation, development plans proceeding in accordance with
plans and such plans achieving their stated expected outcomes, receipt of
required regulatory approvals, and such other assumptions and factors as set out
herein. Although Midpoint and BuyFX have attempted to identify important factors
that could cause actual results to differ materially from those contained in the
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has been provided
for the purpose of assisting investors in understanding Midpoint, BuyFX and the
Midpoint's business and operations and may not be appropriate for other
purposes. Accordingly, readers should not place undue reliance on
forward-looking information. Forward-looking information is made as of the date
of this press release, and Midpoint, BuyFX and Midpoint & Transfer do not
undertake to update such forward-looking information except in accordance with
applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Midpoint Holdings Ltd.
Marc Henderson
Director
(416) 573-7363
www.midpoint.com
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