Westlake Capital Ltd.
TSX VENTURE : WLK.P

August 15, 2013 09:00 ET

Westlake Announces Termination of Letter of Intent

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 15, 2013) - Westlake Capital Ltd. ("Westlake" or the "Company") (TSX VENTURE:WLK.P) announces that in June 2013, it signed a letter of intent for the proposed acquisition of a private Canadian gold exploration company, which was to be the Company's Qualifying Transaction. The transaction was subject to a number of conditions, in particular to financing, and due to very difficult market conditions, those conditions could not be met. Accordingly, the letter of intent is now terminated.

The Company will now be applying for reinstatement of trading of its common shares and will continue in its efforts to find an appropriate Qualifying Transaction.

ON BEHALF OF THE BOARD

WESTLAKE CAPITAL LTD.

Steve Mathiesen, President

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.

Contact Information

  • Westlake Capital Ltd.
    Steve Mathiesen
    President
    (604) 687-1550