Four Points Capital Corp.

September 30, 2010 10:58 ET

Four Points Capital Corp. Submits a Filing Statement for Qualifying Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) -


Further to its press releases dated June 18, 2010 and August 16, 2010, Four Points Capital Corp. ("Four Points") (TSX VENTURE:FPA.P) announces that it has filed a filing statement dated September 29, 2010 (the "Filing Statement") with the TSX Venture Exchange (the "Exchange") with respect to the proposed acquisition (the "Acquisition") by Four Points of all of the issued and outstanding shares of Yellowhead Mining Inc. ("Yellowhead"), pursuant to an Agreement to Amalgamate between Four Points and Yellowhead dated as of August 13, 2010. Subject to the Exchange's approval and pursuant to Exchange Policy 2.4, the Acquisition shall constitute Four Points' Qualifying Transaction. Details of the Acquisition are contained in the Filing Statement, which has been filed on SEDAR at

As disclosed in the Filing Statement, on September 7, 2010, Yellowhead completed a private placement of units at a price of $1.08 per unit for aggregate gross proceeds to Yellowhead of $5,438,887. Each unit consists of one common share in the capital of Yellowhead and one-half of one common share purchase warrant. Each whole warrant may be exercised for a period of 24 months from the date of issue at an exercise price of $1.40 per share, subject to adjustments in certain events. On or before the completion of the Acquisition, Yellowhead may issue additional units on the same terms for total gross proceeds of up to $7,500,000.

The Acquisition will be completed after shareholder approval is obtained at a special meeting of shareholders of Yellowhead, which is expected to be held before October 31, 2010.

Four Points is a "capital pool company" under the policies of the Exchange.

For further information concerning the Filing Statement and this press release, please contact Mr. Casper Bych, Director, Chief Executive Officer and Chief Financial Officer of Four Points Capital Corp.

Completion of the Acquisition is subject to a number of conditions, including but not limited to, Exchange acceptance. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement to be prepared in connection with the Acquisition, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Corporation.

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.

Neither the TSX Venture Exchange Inc. 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.

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