Wangton Capital Corp.



December 06, 2012 13:48 ET

Wangton Capital Corp. Announces Withdrawal Proposed Qualifying Transaction and Change of Officers

CALGARY, ALBERTA--(Marketwire - Dec. 6, 2012) - Wangton Capital Corp. (the "Corporation"), a capital pool company, announces further to its press release of July 24, 2012 that it will not be proceeding with the acquisition of the shares of ASAD MUH.MUT.iNS.MAD.SAN.LTD STi as the Corporation's Qualifying Transaction.

The Corporation intends to identify and evaluate other businesses or assets with a view to completing a Qualifying Transaction pursuant to the policies of the TSX Venture Exchange ("TSXV"). Any potential transaction will be subject to the approval of the TSXV and there is no assurance that a Qualifying Transaction will be completed.

Also, the Corporation announces that Johnny Y. K. Pak has resigned as President and Chief Executive Officer of the Corporation and Zahir (Zip) Dhanani, a current director of the Corporation, has been appointed to the positions of President, Chief Executive Officer and Chairman of the Board.

The Common Shares of the Corporation will resume trading on the TSXV on Monday, December 10, 2012.

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

  • Wangton Capital Corp.
    Zahir (Zip) Dhanani
    President and Chief Executive Officer
    (604) 290-4331