Award Capital Corp.

May 22, 2009 17:01 ET

Award Announces Filing of Filing Statement and Receipt of Shareholder Approvals

TORONTO, ONTARIO--(Marketwire - May 22, 2009) - Award Capital Corp. (the "Corporation" or "Award") (TSX VENTURE:AWD.P), announces that a Filing Statement prepared in accordance with the requirements of the TSX Venture Exchange (the "Exchange") in connection with its previously announced proposed Qualifying Transaction (consisting of the acquisition of Spot Coffee (Canada) Inc. ("Spot Coffee"), details of which are set forth in press releases dated September 18, 2008 and May 8, 2008) has been filed with the Exchange and the applicable Canadian securities regulators and is available at The Corporation further announces that at meetings of the shareholders of each of Award and Spot Coffee held on May 21, 2009, all matters placed before such shareholders were approved. Award shareholders have approved the following individuals as incoming directors of the Corporation: John Lorenzo, David Carbonaro, Hassan Dahlawi, Edward Gress, Alex Gress and Pierre Gagnon. Each of the foregoing individuals has consented to act as a director of the Corporation, effective upon completion of the Qualifying Transaction.

With the Filing Statement filed and all necessary shareholder approvals now obtained, the Corporation expects to proceed toward closing of the Qualifying Transaction within the next three weeks. Spot Coffee has confirmed that they have received subscriptions under their concurrent private placement that exceed the minimum financing condition imposed by the Exchange and that they expect to proceed with closing as soon as all final documentation is settled.

Neither TSX Venture Exchange nor ts Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Contact Information

  • Award Capital Corp.
    George DeCristoforo
    (905) 793-6121