Yonge Street Capital Corp. Has Been Granted an Extension to Complete Its Qualifying Transaction
26 Novembre 2008 - 4:06PM
Marketwired
Yonge Street Capital Corp. ("Yonge Street" or the "Company") (TSX
VENTURE: YSC.P) is pleased to announce that it the TSX Venture
Exchange Inc. has granted it an extension to May 19, 2009 to
complete a Qualifying Transaction or transfer to NEX, or delist.
As a condition to obtaining the extension, the Company has
cancelled 525,000 shares held by non arm's length parties to the
Company so that the average cost of the seed shares held by non
arm's length parties now equals the IPO price. Yonge Street now has
2,503,750 common shares issued and outstanding.
About Yonge Street
Yonge Street is a company incorporated under the Canada Business
Corporations Act. It is a reporting issuer in the Provinces of
Alberta, British Columbia, Manitoba, and Ontario. Further
information concerning Yonge Street can be found in the prospectus
of Yonge Street dated March 27, 2006 and is available at
www.sedar.com.
The TSX Venture Exchange Inc. has neither approved nor
disapproved the contents of this press release.
Contacts: Yonge Street Capital Corp. Gerald Ruth President &
CEO (416) 899-3304
(TSXV:YSC.P)
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