Go Capital I, Inc.

May 23, 2013 14:37 ET

Go Capital I, Inc. Announces Transfer to NEX

TORONTO, ONTARIO--(Marketwired - May 23, 2013) - Go Capital I, Inc. ("Go Capital") (TSX VENTURE:GOC.P), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), announces that it has received approval from the Exchange to transfer its listing to the NEX board of the Exchange, effective the opening of market, on May 24, 2013 under the ticker symbol "GOC.H". The common shares of Go Capital (the "Go Capital Shares") continue to be suspended, pending completion of its proposed "qualifying transaction" with Focus Celtic Gold Corporation, previously announced on February 19, 2013, April 3, 2013 and May 14, 2013.

As part of the transfer to NEX, Go Capital received shareholder approval at its annual and special meeting held on May 16, 2013 to cancel 500,000 Go Capital Shares held by non-arm's length parties of Go Capital that were issued at a price below the initial public offering price of the Go Capital Shares. It is expected that upon completion of the proposed "qualifying transaction" with Focus Celtic Gold Corporation, the Go Capital Shares will commence trading on the Exchange again.

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

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction 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.

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.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Go Capital believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Go Capital disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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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