Newlook Industries Corp.
TSX VENTURE : NLI

Newlook Industries Corp.

December 29, 2009 10:03 ET

Newlook Retains Sponsor for Planned Change of Business

TORONTO, ONTARIO--(Marketwire - Dec. 29, 2009) - Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE:NLI) announces that it has retained Fraser Mackenzie Limited ("Fraser Mackenzie") for a Sponsorship and Financing engagement.

Fraser Mackenzie is an independent investment dealer offering investment banking, corporate advisory and equity research services to institutional fund managers and small and mid capitalization corporate clients. The firm focuses on small and mid capitalization companies in the energy, diversified industries, metals and mining sectors.

Fraser Mackenzie has agreed to act as Sponsor, in accordance with TSX Venture Policy 2.2 with respect to a planned Change of Business (the "Transaction") pursuant to TSX Venture Policy 5.2. Sponsorship will be subject to completion of Fraser Mackenzie's due diligence in accordance with applicable rules and policies of the TSX Venture Exchange. An agreement to sponsor should not be construed as any assurance with respect to the merits of the Transaction or the likelihood of completion.

Newlook has also engaged Fraser Mackenzie regarding the completion of a brokered private placement in association with the Sponsorship, subject to regulatory approval. Specific terms of the private placement have not yet been finalized.

The Company will release details of the Transaction as soon as they are available. The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (905) 833-0072 or refer to www.sedar.com.

The management of the company, who take full responsibility for its content, prepared this press release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.

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.

Contact Information

  • Newlook Industries Corp.
    John G. Simmonds
    Chief Executive Officer
    (905) 833-0072 x223