VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2014) - KCO Capital Inc. ("KCO") (TSX VENTURE:KCO.P), a capital pool company trading on the TSX Venture Exchange (the "Exchange"), announces that Grey Hawk Exploration Inc. ("Grey Hawk") and KCO have mutually terminated the proposed Qualifying Transaction (as that term is defined under the policies of the TSX Venture Exchange ("TSXV")). No break fee is payable by either KCO or Grey Hawk.
KCO has entered into a term sheet regarding a new Qualifying Transaction in the technology sector. The term sheet contemplates material conditions precedent to be fulfilled prior to completion, including customary due diligence, the negotiation and execution of a definitive agreement, and regulatory and board approvals being obtained. Until satisfaction of these and other conditions precedent, the likelihood of closing the transaction is uncertain and trading in the securities of the company would be highly speculative. KCO's common shares will remain halted pending satisfaction of the conditions precedent contained in the term sheet.
KCO, a capital pool company within the meaning of the policies of the TSXV, was incorporated in British Columbia on July 29, 2011 and was listed on the Exchange on October 26, 2012. KCO does not have any operations and has no assets other than cash. KCO's business is to identify and evaluate businesses and assets with a view to completing a 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.