TORONTO, ONTARIO--(Marketwired - June 3, 2014) - Boost Capital Corp. ("Boost") (TSX VENTURE:BST.P), is pleased to announce that Boost's cease trade orders issued by the Ontario Securities Commission, British Columbia Securities Commission and Alberta Securities Commission have been revoked.
In 2013 and 2014, the Ontario Securities Commission, British Columbia Securities Commission and Alberta Securities Commission issued cease trade orders against Boost as a result of Boost not filing various periodic disclosure documents.
On May 30, 2014, Boost received a revocation of the cease trade order in each of Ontario, British Columbia and Alberta. As at the date of this press release, Boost's authorized share capital consists of an unlimited number of common shares, without nominal or par value, of which 6,000,000 common shares are issued and outstanding as at the date hereof. Boost has 600,000 stock options exercisable for 600,000 common shares at $0.10 per common share until February 2, 2022. Boost has no other securities, including debt securities, issued and outstanding.
About Boost Capital Corp.
Boost, a capital pool company within the meaning of the policies of the TSX Venture Exchange (the "Exchange"), was listed on the Exchange on February 7, 2012. Boost does not have any operations and has no assets other than cash. Boost's business is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the policies of the Exchange.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Boost believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Boost disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
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 release.