MCM Capital One Inc.

February 03, 2014 07:30 ET

MCM Corrects Closing Date

TORONTO, ONTARIO--(Marketwired - Feb. 3, 2014) - MCM Capital One Inc. (TSX VENTURE:ZGN.P) ("MCM"), a Capital Pool Company, issued a press release on January 24, 2014 which incorrectly stated that the acquisition of Enerdynamics Technologies Inc. (the "Acquisition") was to be completed no later than January 31, 2014. The Acquisition is to be completed no later than April 28, 2014.

MCM has not completed its qualifying transaction within the 24 month period required under the policy of the TSX Venture Exchange (the "Exchange") governing capital pool companies. As a result, the trading status of the company's shares has changed from a halt status to a suspend status. If MCM fails to complete its qualifying transaction by April 28, 2014, MCM will be delisted on the Exchange. MCM can transfer its listing to the NEX board of the Exchange provided that it obtains majority shareholder approval exclusive of votes held by non-arm's length parties.

Forward Looking Information

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes the completion date of the Acquisition. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements or performance may vary materially from those anticipated and indicated by these forward looking statements. The material risk factors that could cause actual results to differ include the risk that the Acquisition will be delayed for any of the reasons set out in the forward looking information section of MCM's January 24, 2014 press release. Although MCM believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, MCM disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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).

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