Golden Sunset Trail Inc.

April 03, 2006 17:26 ET

Golden Sunset Trail Inc. Terminates Lock-Up Agreement to Acquire Inoventiv 'Canada' Corp.

STONEY CREEK, ONTARIO--(CCNMatthews - April 3, 2006) - GOLDEN SUNSET TRAIL INC. ("Golden Sunset") (TSX VENTURE:GST.P) announces that it has terminated the lock-up agreement dated July 25, 2005, as amended (the "Agreement"), pursuant to which it had conditionally agreed to make an offer to purchase Inoventiv (Canada) Corp. on the basis that certain conditions set out in the Agreement were not met.

Golden Sunset is of the opinion that it has adequate funds to pursue other Qualifying Transaction opportunities. As a result, Golden Sunset will resume its process of identifying and evaluating businesses and assets with a view to completing a potential Qualifying Transaction.

It is expected that trading will resume in the common shares of Golden Sunset on the TSX Venture Exchange on April 4, 2006.

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

Contact Information

  • Golden Sunset Trail Inc.
    Daniel Donn
    President, CEO, CFO and Director
    (905) 643-8762