Rodocanachi Capital Inc. Receives Conditional Approval From The TSXV and the Approval of the Majority of the Minority of its Sha
11 Januar 2011 - 10:23PM
Marketwired
Rodocanachi Capital Inc. (TSX VENTURE: ROD.P) is pleased to
announce that it has received conditional approval from the TSX
Venture Exchange (the "TSXV") and unanimous approval of the
majority of minority of its shareholders who voted at the annual
and special meeting of the shareholders held on January 10, 2011,
for its previously announced proposed qualifying transaction (the
"Qualifying Transaction") with Axcelon Biopolymers Corp.
("Axcelon"). A copy of the information circular relating to the
Qualifying Transaction is available on SEDAR at www.sedar.com. The
Qualifying Transaction is anticipated to close on or about February
15, 2011.
Completion of the Qualifying Transaction is subject to a number
of conditions, including but not limited to, final acceptance from
the TSXV and completion by Axcelon of a brokered concurrent
financing for gross proceeds of not less than $1,450,000 up to
$2,000,000. There can be no assurance that the Qualifying
Transaction will be completed as proposed or at all. Investors are
cautioned that, except as disclosed in the Information Circular
prepared in connection with the Qualifying Transaction, any
information released or received with respect to the Qualifying
Transaction may not be accurate or complete and should not be
relied upon. Trading in the securities of Rodocanachi should be
considered highly speculative.
The TSXV has in no way passed upon the merits of the Qualifying
Transaction and has neither approved nor disapproved the contents
of this press release.
Certain information in this press release may contain
forward-looking statements. Forward-looking statements in this
press release include, but are not limited to, statements with
respect to closing or completion of the Qualifying Transaction.
This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results
suggested in any forward-looking statements. Rodocanachi assumes no
obligation to update the forward-looking statements unless and
until required by applicable securities laws. Additional
information identifying risks and uncertainties is contained in
filings by Rodocanachi with the Canadian securities regulators,
which filings are available at www.sedar.com.
Contacts: Rodocanachi Capital Inc. Mr. Richard Besner President
and Chief Executive Officer 514-824-5434
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