Aumento Capital Corporation
TSX VENTURE : ATO.P

May 06, 2011 19:32 ET

Aumento Capital Corporation Qualifying Transaction Update

TORONTO, ONTARIO--(Marketwire - May 6, 2011) - Aumento Capital Corporation ("Aumento" or the "Company") (TSX VENTURE:ATO.P), a Capital Pool Company, is pleased to provide this update to the status of its proposed business combination with Annidis Health Systems Corp. ("Annidis") as discussed in Aumento's press releases dated January 25, 2011, and April 20, 2011. As previously disclosed, Aumento intends to complete a business combination (the "Transaction") whereby all of the issued and outstanding securities of Annidis will be exchanged for securities of Aumento. The Transaction is intended to constitute the Qualifying Transaction of Aumento as such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSX Venture Exchange (the "Exchange").

Annidis was created in 2007 with the intent to improve healthcare through eye-centric products and services that help eye care professionals screen, detect, diagnose, treat and manage ocular diseases. Annidis' primary product, the Annidis RHA™ instrument, is a multi-spectral digital ophthalmoscope that provides ocular pathology management to aid in early detection and management of ocular pathologies such as age-related macular degeneration, diabetic retinopathy and glaucoma.

Filing Statement

Aumento submitted its filing statement dated May 6, 2011 (the "Filing Statement") today to the Exchange that provides further details with respect to the Transaction. The entire Filing Statement is available under Aumento's profile on SEDAR at www.sedar.com.

Closing of Qualifying Transaction

Aumento has received conditional approval from the Exchange with respect to the Transaction. Final acceptance of the Transaction by the Exchange is subject to the satisfaction of certain conditions, including fulfilling of all remaining filing requirements under the Exchange's policies and the completion of a minimum private placement in Annidis of $3,000,000. The closing of the Transaction is scheduled to occur on or about May 18, 2011 but must be completed prior to August 3, 2011.

Forward-Looking Statements

Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. In addition, this press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements, general market conditions, and the uncertainty of access to additional capital; changes in the world-wide price of mineral commodities; general economic conditions; the timing of the closing of the Transaction and changes in laws, rules and regulations applicable to the Company. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Company has no intention or obligation to update the forward-looking statements contained in this press release.

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

Contact Information

  • Aumento Capital Corporation
    David Danziger
    President, CEO, CFO and Secretary
    (416) 626-6000