Prime City One Capital Corp.

April 16, 2009 13:44 ET

Prime City One Capital Corp. Announces Annual and Special Meeting and Director Resignation

TORONTO, ONTARIO--(Marketwire - April 16, 2009) - Prime City One Capital Corp. (TSX VENTURE:PMO) (the "Corporation" or "Prime City"), announces that it will hold an Annual and Special Meeting of its shareholders on July 6, 2009 in Toronto, Ontario. Prime City has not held a meeting of its shareholders since June 27, 2007, which is more than fifteen months since its last meeting of shareholders and it is therefore outside of the prescribed time limits set forth under TSX Venture Exchange rules and applicable corporate law. The requisite meeting materials for this meeting will be mailed to Shareholders in advance of the meeting in accordance with applicable delivery requirements. This disclosure has been requested by the TSX Venture Exchange and Prime City is committed to adhering to the rules and policies of the TSX Venture Exchange.

Prime City also announces that Mr. David Tsubouchi has resigned as a director of the Corporation. The Corporation expresses its most sincere thanks to Mr. Tsubouchi for his contributions to Prime City and best wishes on his future endeavours.

About Prime City One Capital Corp.

Prime City holds equity interests in Canadian Oil Recovery & Remediation Enterprises Ltd. and Spot Coffee (Canada) Inc. Prime City is also the 100% parent of BDE. BDE holds a 50% interest in one property in Richmond Hill, Ontario upon which it is planning to build 141 condominium residential units.

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 the release.

Contact Information

  • Prime City One Capital Corp.
    Robert Carbonaro
    Vice President
    (416) 368-3050 ext 277
    (416) 368-4469 (FAX)