Cazador Has Entered into a Letter of Intent with a Company for a Business Combination
28 März 2012 - 8:15PM
Business Wire
Cazador Acquisition Corporation Ltd., a blank check company (the
“Company”) (NASDAQ: CAZA) (NASDAQ: CAZAU) (NASDAQ: CAZAW), today
announced that it has entered into a non-binding letter of intent
(the “Letter of Intent”) to complete a business combination with a
company. Pursuant to the Company’s Second Amended and Restated
Articles of Association, the execution of the Letter of Intent
affords the Company a six-month extension for completion of the
business combination until October 14, 2012.
In addition, on March 23, 2012, the Board of Directors of the
Company (the “Board”) accepted the resignation of Mr. Jay Johnston
as Chairman of the Board, Director, and Co-Chief Executive Officer
of the Company. Mr. Johnston’s resignation was not due to any
disagreement with the Company. Mr. Francesco Piovanetti, our
current Director, Co-Chief Executive Officer, President and Chief
Financial Officer, has been appointed to replace Mr. Johnston as
Chairman of the Board and will now serve as the sole Chief
Executive Officer of the Company, effective immediately.
Safe Harbor
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Statements preceded or followed by
or that otherwise include the words "believes," "expects,"
“anticipates," "intends," "projects," "estimates," "plans," and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this release also include statements about business and economic
trends. Investors should also consider the areas of risk described
under the heading "Forward Looking Statements" and those factors
captioned as "Risk Factors" in the Company’s periodic reports under
the Securities Exchange Act of 1934, as amended, or in connection
with any forward-looking statements that may be made by the
Company.
The Company also disclaims any duty to comment upon or correct
information that may be contained in reports published by the
investment community.
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