CALGARY, Dec. 31, 2012 /CNW/ - Winalta Inc., ("Winalta" or
the "Company") further to the previous announced sale of its
Sylvan Lake lands asset on
November 14, 2012, announces the
termination of the sale due to the failure of the purchaser to
satisfy its conditions to closing. In accordance with the
agreement, Winalta has retained the previously announced deposit of
$200,000.
Winalta will continue to undertake its efforts to sell this last
remaining non core asset.
Winalta Inc., operating under the trade name, Winalta Oilfield
Rentals, is an oilfield service provider that specializes in
portable industrial rental accommodations, remote offices and
Dedicated Geo Labs; servicing the Western Canadian oil and gas
Industry.
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.
Forward-looking information
Certain information set forth in this press release, including
the timing of the closing of the sale transaction may constitute
forward-looking statements. By their nature, forward-looking
statements involve material assumptions and are subject to numerous
risks and uncertainties, including with respect to market and
economic conditions and their impact on the Company's business,
some of which, are beyond the Company's control. Readers are
cautioned not to place undue reliance on the forward-looking
statements as the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and actual results,
performance or outcomes could materially differ from those
expressed or implied in such forward-looking statements and
accordingly, no assurance can be given that any of the events
anticipated by forward looking statements will transpire or occur,
or if any of them do so, what benefit Winalta will derive there
from. The Company does not assume the obligation to revise or
update this forward-looking information after the date of this
release or to revise such information to reflect the occurrence of
future unanticipated events, except as may be required under
applicable securities laws.
SOURCE Winalta Inc.