GA Capital Corp.

February 09, 2010 14:42 ET

GA Capital and Looknow Extend Qualifying Transaction Deadline

TORONTO, ONTARIO--(Marketwire - Feb. 9, 2010) -


GA Capital Corp. ("GA Capital") (TSX VENTURE:GAC.P), a capital pool company, announced today that it has agreed with LookNow Ltd. ("LookNow") to an extension to February 16, 2010 of the deadline date for completion of the proposed Qualifying Transaction between the companies announced by GA Capital on December 15, 2009. All other terms and conditions of the proposed Qualifying Transaction remain the same.

Completion of the proposed Qualifying Transaction remains subject to a number of conditions, including, but not limited to, the completion of a minimum $1.5 million private placement financing by LookNow, acceptance by the TSX Venture Exchange and other applicable regulatory approvals. There can be no assurance that the Qualifying Transaction 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 proposed Qualifying Transaction, any information released or received with respect to the Qualifying Transaction, including the information contained in this news release, 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.

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.

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