CALGARY, ALBERTA--(Marketwire - Nov. 14, 2012) -
This news release does not constitute an offer to sell or a solicitation of any offer to buy the common shares in the United States. The common shares have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption for the registration requirements of such Act.
Big Five Capital Corp. ("Big Five" or the "Corporation") (TSX VENTURE:BGF.P) announces the resumption of trading of its Common Shares on the TSX Venture Exchange ("the Exchange"). The Corporation had been negotiating a potential qualifying transaction that has been terminated.
The Corporation will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction. The Corporation cannot offer any assurances that a qualifying transaction will be completed.
The Corporation's common shares will be reinstated to trading at the market open within 48 hours of the TSX Venture Exchange's issuance of a Resume Trading Bulletin.
About the Corporation
Big Five is a capital pool company ("CPC") within the meaning of the policies of the Exchange that has not commenced commercial operations and has no assets other than cash. The board of directors of Big Five consists of Mark Studer, Jie Liang, James N. Tanner, Jason Krueger and Gregory R. Harris. The officers of the Corporation are Mark Studer (CEO) and Jie Liang (CFO). Except as specifically contemplated in the Exchange CPC policy, until the completion of its Qualifying Transaction, the Corporation will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.
Forward Looking Information
This news release contains statements about Big Five's expectations regarding the resumption of trading on the Exchange that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as approvals from the Exchange. Although Big Five believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and Big Five undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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 news release.