Schwabo Capital Corporation Announces Termination of Proposed Acquisition
21 January 2011 - 2:10AM
Marketwired Canada
Schwabo Capital Corporation ("Schwabo") (TSX VENTURE:SBO.H) announces that a
letter agreement with AllCom ("AllCom") dated June 3rd, 2010 ("AllCom
Acquisition Agreement") respecting a proposed acquisition of assets from AllCom
("Proposed Acquisition") has been terminated by mutual agreement by Schwabo and
AllCom.
Schwabo had intended that the Proposed Acquisition would meet the requirements
for a Qualifying Transaction (as defined in TSX Venture Exchange Policy 2.4.
Trading in the common shares of Schwabo remains halted.
Schwabo continues to actively pursue other opportunities for a potential
Qualifying Transaction.
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