Aumento Capital IV Corporation
TSX VENTURE : ACV.P

October 21, 2014 14:06 ET

Aumento Capital IV Corporation Announces Termination of Letter of Intent to Complete a Qualifying Transaction With Verolube Inc.

TORONTO, ONTARIO--(Marketwired - Oct. 21, 2014) - Aumento Capital IV Corporation ("Aumento" or the "Company") (TSX VENTURE:ACV.P), a capital pool company, wishes to announce that it has terminated its previously announced arrangement agreement with Verolube Inc. dated April 28, 2014 and amended June 24, 2014 to complete a business combination intended to constitute Aumento's Qualifying Transaction, as such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSX Venture Exchange. The transaction has been terminated with no further obligation on either party, and no funds were advanced by the Company to Verolube Inc.

The Company will continue to aggressively identify and evaluate opportunities for the purpose of completing its Qualifying Transaction. Trading of Aumento's common shares is expected to resume trading on the TSX Venture Exchange shortly.

Neither TSX Venture Exchange Inc. 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

  • David Danziger
    Chief Executive Officer, Chief Financial Officer
    Secretary, and Director
    Telephone: (416) 641-4940