Walmer Capital Corp.

January 20, 2015 12:09 ET

Walmer Capital Corp. Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - Jan. 20, 2015) - Walmer Capital Corp. (TSX VENTURE:WAL.H) (the "Company"), a capital pool company as defined under Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange (the "Exchange"), is providing an update to its previous press release dated October 30, 2014. The Company advises that there have been no material changes to the information provided in its October 30, 2014 press release and the Company will provide a further update with respect to its business or operations, including with respect to any Qualifying Transaction, which update is expected to be provided by no later than March 20, 2015.

The Company is still committed to pursuing a Qualifying Transaction as soon as possible and to subsequently apply for relisting of the common shares of the Company on the facilities of the Exchange.

About Walmer Capital Corp.

Walmer Capital Corp., a capital pool company within the meaning of the policies of the Exchange, was incorporated under the Business Corporations Act (Alberta) on June 9, 2011 and was listed on the Exchange on May 4, 2012. The Company does not have any operations and has no assets other than cash. The Company's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the Exchange and is in the process of completing its previously announced Qualifying Transaction.

Cautionary Note

Completion of the proposed Qualifying Transaction is subject to a number of conditions including, without limitation, approval of the Exchange and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the proposed Qualifying Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the proposed Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the proposed Qualifying Transaction, any information released or received with respect to the proposed Qualifying Transaction may not be accurate or complete and should not be relied upon. The trading in the securities a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this press release.

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

  • Walmer Capital Corp.
    Jay Richardson, Chief Executive Officer and
    Chief Financial Officer and Director
    Toronto Office: 416-410-JAYR (5297)