W 7 Acquisition Corp. announces expiry of letter of intent
10 Octobre 2012 - 3:40PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ TSX
VENTURE EXCHANGE: WSV.P TORONTO, Oct. 10, 2012 /CNW/ - W 7
Acquisition Corp. ("W 7") announces that the previously announced
letter of intent (the "LOI") dated July 18, 2012, between W 7 and
Earth Video Camera Inc. ("Earth Video") has expired, and as a
result W 7's proposed qualifying transaction with Earth Video will
not be proceeding. W 7 did not advance any funds to Earth Video in
connection with the proposed qualifying transaction with Earth
Video. W 7 will continue to pursue and evaluate other businesses
and assets with a view to completing a qualifying transaction. W 7
cannot offer any assurances that a qualifying transaction will be
completed. The common shares of W 7 are expected to resume trading
on the TSX Venture Exchange on October 12, 2012. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy any securities in any jurisdiction. ANY SECURITIES
REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES
ACT OF 1933 (THE "1933 ACT") AND MAY NOT BE OFFERED OR SOLD IN THE
UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE 1933 ACT. Investors are cautioned that trading in the
securities of a CPC should be considered highly speculative. Notice
on forward-looking statements: This release includes
forward-looking statements regarding W 7 and its business, which
may include, but are not limited to, statements with respect to the
resumption of trading of W 7's common shares on the TSX Venture
Exchange and other factors. 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 of the management of W 7. The
forward-looking events and circumstances discussed in this release,
including the resumption of trading of W 7'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 W 7, including, but not
limited to, economic factors and the equity markets generally.
Although W 7 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 W 7 undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise. W 7 is a CPC
governed by the policies of the TSX Venture Exchange. W 7's
principal business 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. W 7 ACQUISITION CORP. CONTACT: Ronald D.
Schmeichel, CEO of W 7 Acquisition Corp. at416-972-6294.
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