Navina Capital Corp.

Navina Capital Corp.

March 20, 2008 12:03 ET

Navina Banc & Life Split Corp. Extends Exchange Option Deadline

TORONTO, ONTARIO--(Marketwire - March 20, 2008) -

THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES

Navina Capital Corp., the Manager of Navina Banc & Life Split Corp. (the "Company"), announced today that the deadline for investors to deposit securities of Exchange Eligible Issuers in connection with the purchase of either units, consisting of Priority Equity Shares and Class A Shares, or Class A Shares of the Company pursuant to the Exchange Option, as outlined in the preliminary prospectus of the Company dated March 6, 2008, has been extended to 5:00 p.m. (Toronto time) on April 17, 2008.

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory.

Contact Information

  • Navina Capital Corp.
    Andrew Bentley
    Chief Executive Officer
    (416) 601-2430 or 1-800-513-3868
    Website: www.navinacapital.com