Himalayan Capital Corp.
TSX VENTURE : HIM.P

January 18, 2011 18:41 ET

Himalayan Capital Corp. Announces Termination of Previously Announced Transaction with PyroGenesis Canada Inc.

CALGARY, ALBERTA--(Marketwire - Jan. 18, 2011) -

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Himalayan Capital Corp. ("Himalayan" or the "Corporation") (TSX VENTURE:HIM.P) announces the termination of its previously announced (see November 18, 2010 press release) proposed qualifying transaction with PyroGenesis Canada Inc.

Himalayan will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction and will make further announcements with respect to these efforts as soon as practically possible. 

Trading of the common shares of the Corporation is expected to resume, subject to regulatory approval, on Friday, January 21, 2011.

Cautionary Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Corporation cannot offer any assurances that a qualifying transaction will be completed. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange, Inc. 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.

Contact Information

  • Himalayan Capital Corp.
    K. Peter Miller
    President and Chief Executive Officer
    (604) 689-1428