Rodocanachi Capital Inc.
TSX VENTURE : ROD.H

August 05, 2014 08:30 ET

Rodocanachi Capital Obtains Revocation of Cease Trade Orders

MONTREAL, QUEBEC--(Marketwired - Aug. 5, 2014) - Rodocanachi Capital Inc. ("Rodocanachi" or the "Corporation") (TSX VENTURE:ROD.H), a capital pool company listed on the NEX under symbol "ROD.H", is pleased to announce that the Autorité des marchés financiers, the Alberta Securities Commission, the British Columbia Securities Commission and Ontario Securities Commission have granted a full revocation (the "Revocation") of the cease trade orders previously filed against Rodocanachi (the "CTOs").

The CTOs were imposed for Rodocanachi's failure to file interim financial statements, interim management's discussion and analysis, and certification of interim filings.

The Corporation has now filed on SEDAR all its audited annual financial statements and annual management discussion and analysis for the financial years ending December 31, 2012 and 2013, and all its unaudited interim financial statements and interim management discussion and analysis for the August 30, 2012 to February 28, 2014 periods.

Rodocanachi management and directorship invested significant time and effort in order for the Corporation to comply with its continuous disclosure requirements following a long period of inactivity. During the process, Rodocanachi has continued to pursue business opportunities and seeks new assets which would allow the Corporation to complete its "qualifying transaction".

Rodocanachi re-iterates its intention to pursue its activities and to continue its mission of seeking out an investment opportunity in a growing business that meets TSX Venture Exchange listing requirements and complete its "qualifying transaction".

The Corporation has had advanced discussions regarding a potential amalgamation with an operating corporation in the medical industry and, now that the Revocation has been granted, will be in a position to negotiate freely and is fairly confident that a final agreement can be secured in a near future.

The Corporation intends to issue further news releases as warranted by the progress of its negotiation.

The Corporation will hold a meeting of shareholders within 90 days of the present.

About Rodoanachi Capital Inc.

Rodocanachi is a Capital Pool Company listed on the NEX under the symbol ROD.H and has 6,400,000 common shares outstanding and is.

"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."

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favorable terms and those material factors and assumptions disclosed in other public filings of the Corporation.

While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Corporation's filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Corporation to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Corporation's public filings under applicable Canadian securities laws are available at www.sedar.com. The Corporation further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.

Contact Information

  • Rodocanachi Capital Inc.
    Jean-Sebastien Besner
    President, CEO, CFO and director
    (514) 282-7827