Golden Sun Capital Inc.

March 11, 2015 13:13 ET

Golden Sun Capital Inc. Announces Termination of Letter of Intent

CALGARY, ALBERTA--(Marketwired - March 11, 2015) - Golden Sun Capital Inc. (NEX:GST.H) ("Golden Sun" or the "Corporation") announces that the letter of intent dated July 15, 2014, between Golden Sun and a private oil and gas company with international operations ("PrivateCo"), with respect to the proposed business combination of Golden Sun and PrivateCo which was intended to serve as Golden Sun's Qualifying Transaction under the policies of the TSX Venture Exchange (as previously announced by news release on July 18, 2015), has been terminated by mutual agreement of the parties.

The Corporation will continue to seek the successful completion of a Qualifying Transaction and the reinstatement of trading of its common shares on the NEX board of the TSX Venture Exchange, in due course.

Neither the 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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements relating to the Corporation, including statements regarding the resumption of trading of the common shares, the Corporation's pursuit of a successful Qualifying Transaction and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things: the risk that the common shares will not be reinstated for trading and that the Corporation will be unable to find a Qualifying transaction or reasonable terms or at all; the state of the economy in general, and capital markets in particular, investor interest in the business and future prospects of Golden Sun.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, Golden Sun disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Golden Sun undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.

Contact Information

  • Golden Sun Capital Inc.
    Christopher M. Wolfenberg
    President and Chief Executive Officer
    (403) 267-8222