71 Capital Corp. Announces Termination of Brightstar Transaction
12 Février 2015 - 11:38PM
PR Newswire (Canada)
(TSXV-NEX: SVN.H)
TORONTO,
Feb. 12, 2015 /CNW/ - 71 Capital
Corp. (the "Corporation") (TSXV-NEX: SVN.H) today announced
that it has terminated its letter of intent for the qualifying
transaction with Brightstar Seniors Living Corporation
("Brightstar"). Although management of the Corporation
and Brightstar worked diligently to complete this transaction
market conditions were such that the conditions for completion of
the transaction could not be satisfied. Management is
actively looking for a new qualifying transaction for the
Corporation and the Corporation will update the market as
developments arise.
It is anticipated that the Corporation's common
shares will commence trading again on February 17, 2015.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE 71 Capital Corp.
Copyright 2015 Canada NewsWire
(TSXV:SVN.H)
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