Centiva Capital Inc.

Centiva Capital Inc.

July 06, 2011 13:08 ET

Centiva Announces Voluntary Trading Halt

TORONTO, ONTARIO--(Marketwire - July 6, 2011) - Centiva Capital Inc. (TSX VENTURE:CVC) ("Centiva" or the "Company") advises that trading in its common shares on the TSX Venture Exchange Inc. (the "Exchange") was halted on July 5, 2011 at the request of the Company.

As previously disclosed in a press release dated June 30, 2011, Centiva intends to complete a reorganisation by way of plan of arrangement and a financing for gross proceeds of up to $3,500,000. Certain other transactions are also contemplated in connection therewith such as a name change and changes to its board of directors. Centiva will apply to the Exchange to reinstate the trading in its common shares as soon as possible following receipt of conditional approval from the Exchange for this reorganisation.

Included in this news release are matters that constitute "forward-looking" information within the meaning of Canadian securities law. Such forward-looking statements may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may" or words of a similar nature. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include among others, regulatory risks, risk inherent in foreign operations, risk inherent in the capital markets and competition. Most of these factors are outside the control of the Company. All subsequent forward-looking statements attributable to the Company or its agents are expressly qualified in their entirety by these cautionary comments. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Contact Information

  • Centiva Capital Inc.
    John D. Pennal
    CEO & President
    (416) 956-4926