Yaletown Capital Corp.
TSX VENTURE : YCC.P

March 27, 2009 16:48 ET

Yaletown Capital Corp. Terminates Agreement to Acquire All of the Outstanding Shares of Vericom Global Pvt. Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2009) - Yaletown Capital Corp. (the "Company" or "Yaletown") (TSX VENTURE:YCC.P) announces that the potential Qualifying Transaction announced in the Company's January 14, 2009 press release will not be proceeding as a result of Vericom Global Pvt. Ltd.'s inability to conclude the transaction.

Yaletown is of the opinion that it has adequate funds to pursue other Qualifying Transaction opportunities. As a result the board of directors of Yaletown will resume its process of identifying and evaluating businesses and assets with a view to completing a potential Qualifying Transaction.

It is expected that trading will resume in the common shares of Yaletown on the TSX Venture Exchange on March 31, 2009.

ABOUT YALETOWN

The Company is a CPC within the meaning of the policies of TSX Venture Exchange (the "Exchange"). The Company commenced operations when it completed its initial public offering; however, it presently has no assets other than cash. Since the date of listing of the Company's shares on the Exchange, the Company has identified and evaluated several businesses and assets with a view to completing a Qualifying Transaction under the Exchange's CPC policies. Trading of the shares of the Company on the Exchange is currently halted.

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

  • Yaletown Capital Corp.
    Larry Whitehead
    Chief Executive Officer
    (604) 220-7696