Ketchum Capital Corporation
TSX VENTURE : KET.P

December 01, 2008 19:00 ET

Ketchum Capital Corporation Announces Conditional Approval of Qualifying Transaction

CALGARY, ALBERTA--(Marketwire - Dec. 1, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Ketchum Capital Corporation ("Ketchum" or the "Corporation") (TSX VENTURE:KET.P) is pleased to announce that the TSX Venture Exchange Inc. (the "Exchange") has conditionally approved Ketchum's acquisition of all of the issued and outstanding common shares of Ammonite Energy Ltd. ("Ammonite") as the Corporation's qualifying transaction (the "Qualifying Transaction") pursuant to the policies of the Exchange, as described in Ketchum's press release of November 7, 2008. Final approval of the Qualifying Transaction by the Exchange is subject to Ketchum fulfilling all of the requirements of the Exchange. In connection with the Qualifying Transaction, the Corporation has now filed on SEDAR its filing statement (the "Filing Statement") dated November 25, 2008, which Filing Statement contains full disclosure regarding the Qualifying Transaction and the business and properties of Ammonite. Trading in Ketchum shares on the Exchange is expected to resume on December 3, 2008. The Corporation expects to close the proposed Qualifying Transaction on or about December 12, 2008.

Cautionary Statements

As indicated above, completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSXV has in no way passed upon the merits of the Qualifying Transaction and has neither approved or disapproved the contents of this press release.

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. There are uncertainties inherent in forward-looking information, including factors beyond Ammonite's and Ketchum's control, and no assurance can be given that the Qualifying Transaction will be completed on time, or at all. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in Ketchum's filings with Canadian securities regulators, which filings are available at www.sedar.com.

The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Ketchum Capital Corporation
    Mr. Allen Lone, President,
    Chief Executive Officer and Chief Financial Officer
    (905) 338-0220 or (905) 338 2323 Ext 22
    (905) 338-2335 (FAX)
    or
    Ketchum Capital Corporation
    c/o Marcon International Inc.
    150 Randall Street, Suite 101
    Oakville Ontario L6J 1P4