Bricol Capital Corp.

July 20, 2005 11:26 ET

Bricol Capital Corp. Announces Termination of Proposed Qualifying Transaction

TORONTO, ONTARIO--(CCNMatthews - July 20, 2005) - BRICOL CAPTIAL CORP. ("Bricol") announces that its letter agreement with MedX Health Corp. ("MedX") respecting a proposed Qualifying Transaction (as defined in TSX Venture Exchange Policy 2.4) has been terminated. Bricol had previously announced (June 8, 2005), that it had reached agreement with MedX to amalgamate as Bricol's Qualifying Transaction, however, certain conditions under the letter agreement were not fulfilled by the times stipulated in the agreement. Bricol intends to seek out other opportunities for a Qualifying Transaction.

Bricol also wishes to announce today the resignation of Mr. Marvin Martenfeld as a director. Mr. Martenfeld has resigned from the board of directors due to the commitments of his full-time occupation. The directors, on behalf of all the shareholders of Bricol, thank Mr. Martenfeld and wish him well in his endeavors.

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

  • Bricol Capital Corp.
    Lucy Bradley
    President and CEO
    (905) 828-6354