Loma Vista Capital Inc.
CNSX : LOV

January 09, 2015 06:00 ET

Loma Vista Allows Option on Dorothy Lake Project to Lapse

TORONTO, ONTARIO--(Marketwired - Jan. 9, 2015) - Loma Vista Capital Inc. (the "Company") (CSE:LOV) announces that is has determined to allow the option agreement on the Dorothy Lake Project to lapse. This decision was made due to the downturn in the junior resource capital markets and the inability to fund exploration in a manner that would be in the best interests of the Company. The Dorothy Lake Project option agreement has lapsed without any cost to the Company.

The Corporation's sole undertaking was the Dorothy Lake Project. The Company has no business or undertaking as a result of allowing the Dorothy Lake Option to lapse. The Company is currently considering its business strategy and is conducting a strategic review of opportunities for a new undertaking. Further announcements will be made on the status of this review.

CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are the risks detailed herein and from time to time in the filings made by the Company with securities regulators including the following: (i) the Company has stopped commercial operations and has no history of profit; (ii) investment in the common shares of the Company is highly speculative given the unknown nature of the Company's business and its present stage of development; (iii) there is no assurance that the Company will find a profitable undertaking or that it can successfully conclude a purchase of such an undertaking at all or on terms which are commercially acceptable; (iv) the directors and officers of the Company will only devote a portion of their time to the business and affairs of the Company and some of them are or will be engaged in other projects or businesses such that conflicts of interest may arise from time to time; (v) there can be no assurance that an active and liquid market for the Company's common shares will develop and an investor may find it difficult to resell its common shares; and, (vi) those risks set out in the Company's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Contact Information

  • Loma Vista Capital Inc.
    Joshua Crumb
    Director
    604-363-3932