Centiva Capital Inc.

Centiva Capital Inc.

December 21, 2010 09:19 ET

Centiva to Apply to Have Trading Reinstated

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2010) - Centiva Capital Inc. (TSX VENTURE:CVC) today announced that it will apply to the TSX Venture Exchange (the "Exchange") to reinstate the trading of its common shares as soon as possible. The trading halt, which was imposed by the TSX Venture Exchange in accordance with Policy 5.2 of the Exchange, went into effect prior to market opening on December 13, 2010. On the same date the Company announced that it has agreed to an arm's length reverse takeover ("RTO") with the shareholders of Intech LCD Group Limited of Hong Kong in accordance with the policies of the Exchange.

Concurrently with the RTO Centiva also proposes to complete a private placement financing of up to 60,000,000 common shares at a price of $0.05 per share for gross proceeds of up to $3,000,000 and to spin-out its existing assets to shareholders, as described in greater detail in the press release.

Centiva will keep shareholders apprised of any significant developments in its application to have trading reinstated.

Centiva Capital Inc. is company listed on the Exchange with investments in early-stage businesses with high growth potential and a portfolio of marketable securities.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or the accuracy of this release.

Contact Information

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