Lander Energy Corporation

March 31, 2010 15:12 ET

Lander Energy Corporation Announces Termination of Qualifying Transaction With Intelligent Imaging International Ltd.

TORONTO, ONTARIO--(Marketwire - March 31, 2010) - LANDER ENERGY CORPORATION ("Lander")(TSX VENTURE:LAE.P) announces, further to its press release dated February 5, 2010, that Lander and Intelligent Imaging International Ltd. ("Intelligent Imaging") have agreed to terminate their proposed business combination. Lander did not advance any funds to Intelligent Imaging in connection with the proposed business combination.

Lander continues actively to identify and evaluate alternative opportunities for the acquisition of an interest in properties, corporations, assets or businesses for the purpose of completing its Qualifying Transaction in accordance with TSX Venture Exchange Policy 2.4 concerning Capital Pool Companies.

This press release contains "forward looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of this press release. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company is forward looking information that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking information: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. The Company relies on litigation protection for forward looking information.

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

  • Lander Energy Corporation
    David Wood
    President and CEO
    (604) 720-7307