Knightswood Financial Corp.
TSX VENTURE : KWF

Knightswood Financial Corp.

July 12, 2007 18:23 ET

Knightswood Financial Corp.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2007) - Knightswood Financial Corp. (the "Company") (TSX VENTURE:KWF) announces that it has today consented to allowing Opus Cranberries Financial Corp. and Opus Cranberries II Financial Corp. (the "Financial Corp.'s"), both subsidiary companies of the Company, to begin an orderly wind-up of their affairs. The termination of the business of the Financial Corp.'s is as contemplated in their 1996 and 1997 financial offerings, respectively. The Financial Corp.'s intend to begin distributing their assets, consisting of shares of Opus Cranberries Corp. and cash, or a combination thereof, to holders of bonds issued by the Financial Corp.'s.

ON BEHALF OF THE BOARD OF DIRECTORS OF KNIGHTSWOOD FINANCIAL CORP.

Stephen McCoach, Chairman and Director

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Knightswood Financial Corp.
    Stephen McCoach
    Chairman and Director
    (604) 689-1278
    (604) 689-8892 (FAX)