Mira III Acquisition Corp.
TSX VENTURE : MRQ.P

October 31, 2013 17:05 ET

Windsor Capital Advisors Announces Expiry of Letter of Intent

TORONTO, ONTARIO--(Marketwired - Oct. 31, 2013) - Windsor Capital Advisors and Mira III Acquisition Corp. (TSX VENTURE:MRQ.P) ("Mira") announced today that the previously announced letter of intent between Mira and Haivision Systems Inc. ("Havision"), dated August 2, 2013, has terminated in accordance with its terms. As a result, Mira's proposed qualifying transaction with Haivision will not be proceeding.

Mira did not advance any funds to Haivision in connection with the proposed qualifying transaction with Havision.

Mira will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction. Mira cannot offer any assurances that a qualifying transaction will be completed.

The common shares of Mira are expected to resume trading on the TSX Venture Exchange on November 4, 2013.

Notice on forward-looking statements:

This release includes forward-looking statements regarding Mira and its business, including, but are not limited to, statements with respect to the resumption of trading of Mira's common shares on the TSX Venture Exchange. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of Mira. The forward-looking events and circumstances discussed in this release, including the resumption of trading of Mira's common shares on the TSX Venture Exchange, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Mira, including, but not limited to, economic factors and the equity markets generally. Although Mira has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Mira undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Mira is a capital pool company governed by the policies of the TSX Venture Exchange. The principal business of Mira is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

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

  • Mira III Acquisition Corp.
    Ronald D. Schmeichel
    President and Secretary
    416-972-6294