Schwabo Capital Corporation
TSX VENTURE : SBO.H

January 20, 2011 11:11 ET

Schwabo Capital Corporation Announces Termination of Proposed Acquisition

CONCORD, ONTARIO--(Marketwire - Jan. 20, 2011) - Schwabo Capital Corporation ("Schwabo") (TSX VENTURE:SBO.H) announces that a letter agreement with AllCom ("AllCom") dated June 3rd, 2010 ("AllCom Acquisition Agreement") respecting a proposed acquisition of assets from AllCom ("Proposed Acquisition") has been terminated by mutual agreement by Schwabo and AllCom.

Schwabo had intended that the Proposed Acquisition would meet the requirements for a Qualifying Transaction (as defined in TSX Venture Exchange Policy 2.4.

Trading in the common shares of Schwabo remains halted.

Schwabo continues to actively pursue other opportunities for a potential Qualifying Transaction.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contact Information

  • Raymond Savoie
    115 Ch. Cote Ste-Catherine, app. 808
    Outremont, Quebec, H2V 4R3
    (514) 875-9034