Panda Capital Inc.
TSX VENTURE : PDA.P

March 29, 2010 15:41 ET

Panda Capital Inc. Terminates Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - March 29, 2010) - Panda Capital Inc. ("Panda" or the "Company") (TSX VENTURE:PDA.P) wishes to advise that the Company has terminated its Memorandum of Understanding with Global Publishing Inc. ("Global") announced in the Company's press release dated December 14, 2009 due to current market volatility in Global's sector of activity. The Company will continue to pursue other opportunities with a view to completing its Qualifying Transaction.

Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Neither the 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

  • Panda Capital Inc.
    Paul Barbeau
    Chief Financial Officer
    (613) 232-1642