SPVC Capital Corporation

July 07, 2010 12:21 ET

SPVC Capital Corporation Announces Termination of Qualifying Transaction

SASKATOON, SASKATCHEWAN--(Marketwire - July 7, 2010) - SPVC Capital Corporation (TSX VENTURE:SPV.P) (the "Corporation"), a capital pool company, today announced that the contemplated qualifying transaction with Pro-Trans Ventures Inc., which was announced on May 28, 2010, has been terminated as a result of an inability to meet a material condition of the transaction.

The Corporation anticipates that it will be delisted from the TSX Venture Exchange (the "Exchange") on or about July 9, 2010 for failure to complete a qualifying transaction within the time limit prescribed by the Exchange. The Corporation will take the necessary steps to wind-up and distribute the remaining cash to its shareholders as soon as reasonably possible.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Exchange policies) has not approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • SPVC Capital Corporation
    Charles Lepage
    President, Chief Executive Officer
    and Chief Financial Officer
    (306) 291-4555