Focused Capital Corp. Announces Termination of Qualifying Transaction With Mongolia Minerals Corporation
29 April 2013 - 10:36PM
Marketwired Canada
Focused Capital Corp. ("Focused Capital") (TSX VENTURE:FLO.P), a capital pool
company as defined under Policy 2.4 of the TSX Venture Exchange (the
"Exchange"), announces the termination of the non-binding letter of intent (the
"LOI") dated March 6, 2013 between Focused Capital and Mongolia Minerals
Corporation ("MMC") for the acquisition of 100% of the common shares of MMC,
which was expected to qualify as Focused Capital's "Qualifying Transaction" as
defined by Exchange Policy 2.4. Accordingly, the common shares of Focused
Capital are scheduled to be reinstated to trading effective the opening May 1,
2013.
About Focused Capital Corp.
Focused Capital, a capital pool company within the meaning of the policies of
the Exchange, does not have any operations and has no assets other than cash.
Focused Capital's business is to identify and evaluate businesses and assets
with a view to completing a qualifying transaction under the policies of the
Exchange.
The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Focused Capital believes that the expectations reflected in forward
looking statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be correct. Except
as required by law, Focused Capital disclaims any intention and assumes no
obligation to update or revise any forward looking statements to reflect actual
results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward looking statements or
otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Focused Capital Corp.
Mark Goodman
Chief Executive Officer
(416) 924-9893
mgoodman@cogitore.com
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