OutdoorPartner Media Corporation
TSX VENTURE : OPX.H

OutdoorPartner Media Corporation

June 12, 2013 15:27 ET

OutdoorPartner Media Corporation Terminates Letter of Intent for Proposed Reverse Take-Over Transaction Involving Bay Minerals Ltd. and Halston Exploration Inc.

TORONTO, ONTARIO--(Marketwired - June 12, 2013) -

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

OutdoorPartner Media Corporation (TSX VENTURE:OPX.H) ("OPX") announced today that the letter of intent to complete a business combination with Bay Minerals Ltd. and Halston Exploration Inc., a wholly-owned subsidiary of AXG Mining Ltd. has been terminated in accordance with its terms effective April 26, 2013. The letter of intent was initially announced by OPX on February 28, 2013. Trading in the shares of OPX was halted pending review by the TSX Venture Exchange of the transaction and is expected to resume shortly.

Information Concerning OPX

The sale of substantially all of OPX's operating assets (the "Asset Sale") was completed on February 9, 2010. As a result, OPX is a public company without an operating business or any material liabilities or assets, other than the net cash proceeds from the Asset Sale and accumulated tax losses.

NEITHER THE 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

  • OutdoorPartner Media Corporation
    Richard D. McGraw
    Chief Executive Officer
    (416) 944-2700