Echelon Capital Corporation

May 02, 2011 17:41 ET

Echelon Capital Corporation and Congo Mineral Resources Terminate Proposed Transaction

TORONTO, ONTARIO--(Marketwire - May 2, 2011) - Echelon Capital Corporation ("Echelon") (TSX VENTURE:ECO.H), a Capital Pool Company listed on the NEX exchange, announces that its proposed Qualifying Transaction with Congo Mineral Resources SPRL announced on March 5, 2010 has been terminated by both of the parties. Echelon is pursuing opportunities for a new transaction with third parties. Any details of a new arrangement will be distributed when available.

The TSX Venture Exchange and the NEX have neither approved or disapproved the contents of this press release.

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Contact Information

  • Echelon Capital Corporation
    John Eckert
    President and Chief Executive Officer
    (416) 363-2000