Precision Continues to Complete Qualifying Transaction
03 Février 2010 - 5:50PM
Marketwired
Precision Enterprises Inc. (TSX VENTURE: PSC.H) (the "Company")
announces further to its news release of December 4, 2009 that it
expects to complete its proposed business combination with NPTx
NeuroPsychoTherapeutics Corporation on or about March 15, 2010,
which will constitute the Company's Qualifying Transaction.
Concurrently with the closing of the Qualifying Transaction, the
Company will complete a financing of 12,000,000 units of the
Company, at a price of $0.25 per unit, to raise gross proceeds of
$3,000,000, at least $500,000 of which will be completed on a
brokered basis through Bolder Investment Partners Ltd.
As the Company did not complete the Qualifying Transaction
within the time frame prescribed by the TSX Venture Exchange (the
"Exchange"), on February 3, 2010 the Exchange transferred the
Company's listing and Tier classification from Tier 2 to NEX.
Accordingly the Company's symbol has now been changed from PSC.P to
PSC.H.
In accordance with Exchange policies, and as approved by the
Company's shareholders at the special meeting held on December 4,
2009, on the transfer of its listing to NEX the Company cancelled
and returned to treasury a total of 1,000,000 common shares
previously issued to its directors and officers. Accordingly, the
Company currently has 6,900,000 common shares issued and
outstanding.
Once the Company has filed final closing documentation with the
Exchange in respect of the Qualifying Transaction and the
financing, and received final Exchange approval, the Company
expects to be reinstated as a Tier 2 issuer on the Exchange and
trading in the Company's common shares to resume.
ON BEHALF OF THE BOARD
Joe DeVries, President and CEO
Certain statements included herein are "forward-looking
statements". Management cautions that forward-looking statements
are not guarantees and that actual results could differ materially
from those expressed or implied in the forward-looking statements.
Factors beyond the control of the Company could cause the actual
results of operations, or the financial condition of the Company,
to differ, including changes to financial and market conditions.
The Company assumes no obligation to update forward-looking
statements, other than as may be required by applicable law.
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.
Contacts: Precision Enterprises Inc. Joe DeVries President and
CEO (604) 718-2800 (604) 718-2808 (FAX)
Allante Resources Ltd. (TSXV:PSC.H)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Allante Resources Ltd. (TSXV:PSC.H)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024