Courtland Capital Corp.
NEX BOARD : CTD.H

July 31, 2012 11:13 ET

Courtland Capital Inc. Update on Status of Cease Trade Orders

CALGARY, ALBERTA--(Marketwire - July 31, 2012) - Courtland Capital Inc. (NEX:CTD.H) (the "Corporation"), wishes to updated the status of its application for revocation of its cease trade orders issued by both the Alberta Securities Commission ("ASC") and the British Columbia Securities Commission ("BCSC"). The cease trade orders were issued due to the failure of the Corporation to file with the ASC and the BCSC a comparative financial statement for its financial period ended March 31, 2011 within the time periods set out in securities legislation.

The Corporation has filed all the outstanding financial statements and related management's discussion & analysis and has made application to the ASC and BCSC for the revocation of the cease trade orders. The Corporation has received initial continuous disclosure review comments from the ASC, as its principal regulator, and responded to these comments. Additional continuous disclosure comments may be received by the Corporation from the ASC. Once all regulatory comments have been satisfactorily addressed by the Corporation and all regulatory background checks on the directors completed, it is anticipated that the cease trade orders will be revoked.

The Corporation is due to file its audited annual financial statements for the year ended March 31, 2012, however, the Corporation must first complete certain tax filings before the audit can be completed. It is anticipated the tax filings and the audit will be completed within 30 days.

The Corporation is listed on the NEX of the TSX Venture Exchange (the "Exchange") and its common shares remain suspended from trading subject to a satisfactory re-activation review by the Exchange. The Corporation has no active operations or business following the disposition of its wholly owned subsidiary, ForceLogix Inc, in February, 2011. The Corporation is currently seeking opportunities to acquire assets or a business so that it can meet the minimum listing requirements of the Exchange and reactivate its listing on the Exchange.

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."

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.

Contact Information