GHJ Capital Inc.

March 09, 2009 16:28 ET

GHJ Capital Inc.: Advance to Target Company of the Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - March 9, 2009) - GHJ Capital Inc. (the "Corporation") (TSX VENTURE:GHJ.P), a capital pool company, announces its intent to advance $250,000 to EM Technologies, Inc., ("EMT") the target of the Corporation's pending Qualifying Transaction. The Qualifying Transaction was previously announced by the Corporation on December 22, 2008.

EMT has received a non-binding letter of intent from an arms length third party to provide a CAD$300,000 bridge loan to EMT (the "Bridge"). As a condition of the Bridge, the Corporation must advance CAD$250,000 to EMT on the same terms and conditions as the Bridge (the "Advance").

If, by the end of the notice period (see below), the Bridge and the related Advance are still required, the net proceeds of the Bridge and the Advance will be used by EMT to fund working capital requirements.

No agent is involved with the Bridge.

Under the policies of the TSX Venture Exchange, the Advance cannot be completed for a period of fifteen (15) days from the date of this press release and is subject to TSX Venture Exchange approval.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • GHJ Capital Inc.
    Jeff Patterson
    Chief Executive Officer
    (416) 258-4446