Java Capital Inc.
TSX VENTURE : JCI.P

December 01, 2010 13:33 ET

Java Capital Inc. Announces Resignation of Directors

CALGARY, ALBERTA--(Marketwire - Dec. 1, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Java Capital Inc. (the "Company") (TSX VENTURE:JCI.P) announced that three of its directors, Mr. Johnson Joseph, Mr. Laval Bolduc, and Mr. Charles- André Tessier, who were elected at the Shareholder meeting on November 15th, have resigned as directors of the Company. The Company has announced a proposed Qualifying Transaction whereby it plans to acquire 100% of the issued and outstanding securities of Peak Positioning Corp. ("Peak") subject to certain terms and conditions as announced on September 30th, 2010. The contemplated transaction is still in progress and Messers Joseph, Bolduc and Tessier will be nominated to join the board of directors of the resulting issuer upon the completion of the proposed Qualifying Transaction.

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.

Contact Information

  • Java Capital Inc.
    Mansoor Anjum
    President and Chief Executive Officer
    403-617-3733
    403-770-8370 (FAX)
    or
    Java Capital Inc.
    780, 910 - 7 Avenue SW
    Calgary, Alberta T2P 3N8