Lime Hill Capital Corporation
TSX VENTURE : LHL.P

May 12, 2011 18:42 ET

Lime Hill Capital Corporation and Liquid Nutrition Group Inc. Receive Shareholder Approval for Amalgamation

CALGARY, ALBERTA--(Marketwire - May 12, 2011) - Lime Hill Capital Corporation (TSX VENTURE:LHL.P) ("Lime Hill" or the "Corporation") announces that at a special meeting of shareholders held earlier today, its shareholders approved the terms of the previously announced amalgamation between Lime Hill and Liquid Nutrition Group Inc. ("LNGI"), and related transactions pursuant to which Lime Hill and LNGI have agreed to amalgamate (the "Business Combination") to form a new company to be called Liquid Nutrition Group Inc. LNGI has received approval for the Business Combination from its shareholders.

The Business Combination will constitute a Qualifying Transaction of Lime Hill as defined in Policy 2.4 of the TSX Venture Exchange Inc. ("TSX Venture") Corporate Finance Manual.

Lime Hill also received shareholder approval for the Corporation's stock option plan, the election of directors and the appointment of auditors for the ensuing year.

The completion of the Business Combination is subject to the approval of the TSX Venture, the receipt of other necessary regulatory approvals and certain additional conditions precedent. Closing of the Business Combination is expected to occur on or about May 13, 2011.

As indicated above, completion of the Business Combination is subject to a number of conditions, including but not limited to, TSX Venture acceptance. There can be no assurance that the Business Combination will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Information Circular of the Corporation prepared in connection with the Business Combination, any information released or received with respect to the Business Combination may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities legislation, neither Lime Hill nor LNGI will update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Lime Hill and LNGI.

This release does not constitute an offer for sale of securities in the United States

Neither the TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Lime Hill Capital Corporation
    Michael Rousseau
    President
    (403) 816-1947

    Liquid Nutrition Group Inc.
    Glenn Young
    President
    (416) 889-4920