Aqueous Capital Corp.
TSX VENTURE : AQS.P

November 29, 2007 14:08 ET

Aqueous Capital Corp. Announces It Is Not Proceeding With Proposed Qualifying Transaction

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2007) -

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.

In July 2007 Aqueous Capital Corp. ("Aqueous" or the "Company") (TSX VENTURE:AQS.P) announced that it intended to complete a "qualifying transaction" in accordance with TSX Venture Exchange (the "Exchange") policies with Industrial Real Estate Investment Trust ("Industrial REIT") pursuant to which Industrial REIT was to complete a plan of arrangement with Aqueous. Prior to the completion of the plan of arrangement, Industrial REIT was to acquire a number of industrial and commercial properties. Since July Aqueous has been evaluating the proposed transaction with Industrial REIT and a number of alternatives which involved the acquisition of the same industrial and commercial properties but with different structures for the resulting entity. However, at this time the Company has decided not to proceed with the proposed transaction. Aqueous will continue to work on identifying and evaluating assets or businesses with a view to completing a qualifying transaction as a capital pool company pursuant to Exchange policies.

The TSX Venture Exchange, Inc. has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Aqueous Capital Corp.
    Mr. Mark Waldron
    Vice President and Chief Financial Officer
    (403) 243-8170 Ext. 113
    or
    Aqueous Capital Corp.
    c/o 4609 Manitoba Road S.E.
    Calgary, Alberta T2G 4B9
    (403) 243-8170 Ext. 113
    (403) 243-4024 (FAX)