NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.
Vector Resources Inc. ("Vector") (TSX VENTURE:VCR.P) is pleased to report in
furtherance of its previously announced proposed transaction with Oriana
Technologies Inc. ("Oriana" or the "Company"), described in Vector's press
release of November 13, 2012, to acquire Select-TV Solutions Inc. ("Select-TV")
who, at the time of acquisition, shall be the parent corporation of Oriana
Technologies, Inc. (Florida) ("Oriana USA"), itself, the parent corporation of
Oriana, the operating company, as Vector's qualifying transaction pursuant to
the policies of the TSX Venture Exchange Inc. (the "Exchange") (the
"Transaction").
About Oriana
Oriana is a corporation based in Montreal, Quebec incorporated under the Canada
Business Corporations Act that develops and markets interactive entertainment
solutions based on an open standard platform. The open standard platform is
supplied, under license by Select-TV Solutions Sdn. Bhd. (Malaysia), as licensor
of the Select-TV interactive IPTV solution (the "Licensor") which seamlessly
connects the internet to existing video entertainment, such as movies and music,
in hotels, homes and other locations. Oriana's license is exclusive for North
America, including Canada and the United States of America (USA) and Central
America, South America, the Caribbean and their respective territories and
possessions; and non-exclusive for the rest of the World.
The Company also leverages a software kit for third-party developers to build
custom applications via an open application programming interface (the
"Select-TV Solution"). The Company is pre-revenue and has both signed and
pending agreements to install the Select-TV Solution in 4,000 hotel rooms across
North America. The Licensor has already shipped more than 30,000 units into two
key market segments, hotels and residential communities. The Select-TV Solution
is already installed in more than thirty top-tier hotels across residential Asia
and the Middle East.
Over the last two and a half years, Oriana has been a development stage company
and has recognized no revenue. The Company has raised approximately $1,600,000
in seed and early stage funding and has spent these funds acquiring the
Select-TV license from the Licensor; building its content and applications
library through partnerships with third party vendors; developing a substantial
sales pipeline in Canada, the USA and overseas; and installing the Select-TV
Solution in the hotel properties of its first hotel chain clients. The only
assets owned by the Company are these contracts and agreements along with a
limited amount of computer equipment. The only company liabilities are certain
expenses payments owed to vendors.
Oriana is a multi-regional player poised to grow rapidly over the next five
years with accelerated adoption of internet protocol ("IP") based media
solutions in the digital home and upscale hotel markets. The Select-TV
Solution's system technology is fully endorsed by Intel Capital, which invested
in the Licensor in 2010. Oriana itself has a fully developed software platform
with both consumer-facing and backend applications and services that will enable
a wide repertoire of entertainment and shopping, a highly scalable business
model anchored by distribution partners and excellent risk-reward balance for
investors interested in the global growth of new media delivery systems.
Oriana is part of the migration from siloed media properties and services
delivered over disparate proprietary networks to a more integrated media suite
delivered over IP. The Company delivers an IP overlay network to provide
end-users with on-demand entertainment and transactional services that integrate
with social media. This leverages IP to provide end-users with on-demand media,
entertainment and transactional services that integrate with social media.
Agreements with Select-TV (Malaysia)
As per the current agreement between Oriana and the Licensor, Oriana has been
granted strategic reseller status. This gives Oriana exclusive rights to sell
the Select-TV Solution within North America, including Canada and the United
States of America (USA) and Central America, South America, the Caribbean and
their respective territories and possessions for a five year term beginning in
2012, with most-favoured nation pricing, access to all hardware and software
enhancements as soon as they are available, the ability to outsource second-tier
customer service to the Select-TV Solution at market price, the ability to
enhance the platform and a five-year automatically renewable term plus 90-day
termination notice after five years. A licensee status is currently being
negotiated, which would grant Oriana exclusive rights to the Select-TV Solution
in the Western hemisphere, access to escrowed technology if the Licensor is
acquired or goes bankrupt, an expanded ability to enhance the platform with
reciprocal cross-licensing on any new capabilities, and no termination provision
after five years except for termination for cause.
Business Model
Oriana's business model is based on recurring revenue with two components:
entertainment services and advertising. A typical recurring revenue model will
deliver a combination of guaranteed minimum revenues per installed room and
gross service and advertising revenues to Oriana.
The Company's main target market, upscale hotels, represents around half of the
hotels in North and South America. In the US and Canada, Oriana is also
targeting hospital rooms.
In 2013 Oriana will concentrate its efforts in the hospitality industry side of
the Select-TV business, to achieve market penetration in through hotel chains in
Canada and a US Hotel Chains Association buying group and signing up key
distribution partners.
As for the residential side of the Select-TV business, Oriana shall work on
business uptake with business partners in the telecommunications pipeline.
Strategy
Oriana has a diverse content repertoire which differentiates it from other
providers. Oriana has relationships with several prominent content aggregators
for delivery of movies and other core content. Oriana also has "walled garden"
deals for pre-release movies for hospitality venues where in-house technology is
used to limit access and the ability to pirate the content, and access to a
variety of specialized channels which consumers can select to customize their
package.
The differentiation behind these content initiatives stems from Oriana's ability
to tailor content to the needs of the individual consumer based on their
interactions with the product whether at home or in a hotel.
Oriana is currently targeting distribution partners that can leverage its
platform and services into markets they already serve on a revenue sharing
basis. In particular, this includes hotel chains and management companies,
time-share property owners, for-profit hospital chains, tier 1 telecom operators
in developing regions, tier 2 and tier 3 telecom and cable operators in
developed markets and equipment distribution companies. Current customers and
prospect lists have over one million aggregate locations that could be served by
Oriana.
Other Information Concerning Oriana
Oriana was incorporated under the Canadian Business Corporations Act on February
07, 2011. The head office in Canada is located at 550, Chemin du Golf Suite 202,
Ile des Soeurs, Quebec, H3E 1A8.
Transaction Summary
The Transaction will be conducted whereby:
A. All the holders of the issued and outstanding securities of Oriana's
parent corporation, Oriana USA, will exchange such securities for
securities of Select-TV under a tax-free share-for-share rollover under
Section 85 (1) of the Canadian Income Tax Act ("ITA") (requiring that
each of the holders file a tax election form), such that those holders,
then "Select-TV Securities Holders", will hold all the shares of Select-
TV, the parent corporation holding all the shares of Oriana USA which,
in turn, is the parent corporation holding all the shares of Oriana;
B. The concurrent financing referred to in Paragraph 1(b) below
("Concurrent Financing") will be completed; and
The Select-TV Securities Holders and Vector, will enter into a share-
exchange transaction (in the form of a tax-free share-for-share rollover
under Section 85.1 of the ITA which required no tax election filings),
whereby Vector will acquire from the Select-TV Securities Holders, all
of the issued and outstanding shares of the capital of Select-TV which
they hold, in exchange for the issuance of a pre-determined number of
common shares of the capital of Vector.
Therefore, assuming the Concurrent Financing represents a total sum of
CDN$1,500,000 of equity raised, post-exchange, the Concurrent Financing
Investors and the Select-TV Securities Holders respectively will hold 6,000,000
common shares and 19,642,000 common shares, respectively, in the capital of
Vector, whereas the existing shareholders of Vector will continue to hold the
currently outstanding 4,237,000 common shares and options of the capital of
Vector.
At the closing of the Transaction, Vector will hold all the issued and
outstanding shares of the capital of Select-TV, which will own Oriana USA, which
owns Oriana, which owns and operates the entire Select-TV business and, as a
result of the Concurrent Financing raise of a total sum (assumed for the
purposes hereof) of CDN$1,500,000, the post-exchange and post-money deemed
enterprise value of Select-TV is CDN$7,469,875, based upon a share value of
CDN$0.25 per share of Vector.
1. Basis of the Transaction
The Transaction will proceed as follows:
a. Vector securities
Currently there are 3,625,000 common shares of Vector issued and
outstanding on a non-diluted basis, and 4,237,000 common shares of
Vector outstanding on a fully-diluted basis, after giving effect to the
exercise of options to acquire an aggregate of 250,000 Vector shares at
a price of $0.20 per share at any time up to November 14, 2013, 312,500
Vector shares at a price of $0.20 per share at any time up to November
10, 2021 and 50,000 Vector shares at a price of $0.25 per share at any
time up to August 31st, 2013. Further, within the framework of the
Transaction, Vector has committed to issuing 19,642,000 common shares of
Vector outstanding on a fully-diluted basis, after giving effect to the
exercise of options to acquire an aggregate of 2,301,146 Vector shares
at a price of $0.25 per share at any time up to December 10, 2022 and
after giving effect to the exercise of warrants to acquire an aggregate
of 135,356 Vector shares at a price of almost $0.37 per share at any
time up to June 04, 2014, 200,230 Vector shares at a price just over
$0.46 per share at any time up to December 19, 2014 and 255,672 Vector
shares at a price just over $0.46 per share at any time up to April 03,
2017
b. Concurrent Financing
Vector will raise an additional sum of a minimum of $1,500,000 and a
maximum of $8,000,000 in a combination of $1,000.00 principal amount
debentures and a to-be-determined number of common shares to be issued
at $0.25 per common share of Vector, ultimately resulting in at least
20% of the issued and outstanding capital of Vector, being in the hands
of the public to comply with TSX Public Distribution Requirements.
Closing of the Transaction is conditional upon the completion of this
aforementioned Concurrent Financing. Vector has appointed Macquarie
Private Wealth Inc. ("Macquarie"), as its exclusive agent to raise the
Concurrent Financing pursuant to a letter of engagement dated January
09, 2013 and executed between such parties effective on such date. The
Concurrent Financing is subject to completion of due diligence
satisfactory to Macquarie. Broadly stated, Vector shall pay Macquarie a
$35,000.00 corporate finance fee, a 7.5% agent's fee and grant Macquarie
the option to acquire securities equivalent to 8% of the Securities sold
pursuant to the Concurrent Financing.
c. Bridge Financing
Prior to the Closing of the Transaction it is contemplated that Oriana
intends to complete a CAN$200,000 loan financing to fund the deployment
of its hospitality business contracts and agreements currently in place
(the "Bridge Loan"). The Bridge Loan shall bear interest at a rate of
10% per annum, payable semi-annually and mature on or about the date
which shall be one year from closing with the principal payable in two
tranches of 1200,000, on August 01, 2013 and February 01, 2014,
respectively.
d. Due Diligence
i. Each of Oriana, Select-TV and Vector and their respective
accountants, legal counsel, technical and financial advisors and
other representatives thereof will perform a due diligence review
and examination of the others and the business and affairs thereof
up to the execution of the Definitive Agreement (as defined
hereinafter).
ii. Until completion of the Transaction, each of Oriana, Select-TV and
Vector will notify the others of any significant development or
material change relating thereto promptly after becoming aware of
any such development or change.
2. Definitive Agreement
Vector, Select-TV and Oriana will use their good faith efforts to complete and
be in a position to execute a definitive arrangement agreement (the "Definitive
Agreement") relating to the Transaction where it is confirmed that the parties
are dealing at arm's length, on or before December 29, 2012 or such later time
and date as may be mutually agreed to by Vector, Select-TV and Oriana. Closing
of the Transaction is targeted to occur on or about February 15, 2013, or such
other time and date as may be mutually agreed to by Vector, Select-TV and Oriana
(the "Closing Date").
Vector has loaned to Oriana CDN$25,000 for a term of up to 6 months.
To the present knowledge of management of Oriana USA, no shareholders, directly
or indirectly, beneficially hold a controlling interest in or otherwise controls
or directs Oriana USA.
Significant Assets
The Significant Assets over which Vector is acquiring control through the
Transaction consist of an indirect exclusive ownership of the Select-TV Business
owned and operated by Oriana, the principal components of which consist Computer
Equipment ($1,472), Capitalized Development Costs ($243,426), Inventory -
telecommunications and electronic equipment ($294,523) and Goodwill consisting
of its Select-TV License and the contracts entered into with various Canadian
hotel chains and a US Hotel Chain Association Buying Group ($5,430,454).
Controlling Interest
Up to December 28, 2012, approximately 60.73% of the votes attached to issued
and outstanding shares of Common Stock of the capital of Oriana USA were subject
to a Voting Trust Agreement effective from and as of March 01, 2011 and
terminating on March 01, 2013 (the "Voting Trust"), pursuant to which the
trustees of the Voting Trust have Voting Trust had full power and authority to
exercise all stockholders' rights of every kind and character in respect of the
shares deposited thereunder. The trustees of the Voting Trust were Mr. Rene
Arbic, a director and the President of Oriana USA and Mr. Daniel Ringuet, a
former director and officer of Oriana USA who resigned from such offices on
October 04, 2012. The Voting Trust having been terminated from and as of the
effective date of December 28, 2012, to the present knowledge of management of
Oriana USA, no shareholders, directly or indirectly, beneficially hold a
controlling interest in or otherwise controls or directs Oriana USA.
Effective from and as of December 28, 2012, all the holders of securities issued
by Oriana USA have agreed, by way of the execution of an Agreement of Sale and
Exchange of Securities, to exchange all the Oriana USA securities they hold,
according to a pre-determined exchange ratio of One (1) Oriana USA security for
0.541422628061633 of an equivalent security issued by Select-TV Solutions Inc.
("Select-TV"). Such exchange is to be effective from and as of February 14, 2012
and, as a result, Select-TV shall then become the parent corporation of Oriana
USA, itself, the parent corporation, owning all of the issued and outstanding
securities of Oriana Canada, the operating company.
Insiders of the Resulting Issuer
Upon completion of the Transaction, the Board of Directors of the resulting
issuer will consist of:
Rene Arbic - President and Chief Executive Officer
Richard Groome - Chairman
Darryl Levitt - Independent Director
Richard G. Molyneux - Independent Director
Geoffrey Philip Mott - Chief Financial Officer and Corporate Secretary
Management of the resulting issuer will consist of Rene Arbic as Chief Executive
Officer and Geoff Mott as Chief Financial Officer.
Rene Arbic, Chief Executive Officer.
Mr. Arbic is a veteran of the telecom industry, with a career that includes 25
years of service with Bell Canada, co-founding Bridgepoint International Inc., a
TSX Venture company specializing in the construction and management of telecom
co-location centers, and the founder of Artel International Ltd., which focused
on attaining licenses to establish VoIP networks in countries in Africa and
South America. Since 2006, he serves as CEO of Hipso-Valtech, a public company
he founded. Mr. Arbic has also served as a Board member for numerous technology
companies. His expertise in the telecommunication industry brought him to work
in 53 countries.
Richard Groome, Chairman
Mr. Groome has been President of Notre-Dame Capital Inc. since September 2001
and serves as is its Managing Partner. He has been in the financial industry for
more than 20 years at such firms as Groome Capital Inc., Marleau Lemire
Securities, Sprott Securities and Levesque Beaubien Geoffrion. His expertise
stems from financing small and mid-size emerging growth companies. Mr. Groome,
has been the Strategic Marketing Officer of Urban Barns Foods Inc. since June
2012 and serves as the Chief Executive Officer, President, Chief Financial
Officer, Treasurer, Chairman and Secretary of Bitumen Capital Inc. He has
actively managed or participated in over 400 financings representing some $4
billion of small cap financings and participates on the board of several public
companies. He is very active in several non-profit, charitable organizations and
philanthropic projects most notably underprivileged children in Montreal and
Peru, in addition to the World Wildlife Fund. Mr. Groome obtained a BA in
Economics from McGill University in 1981.
Darryl Levitt, Independent Director
Mr Levitt is Of Counsel at Norton Rose Canada. He has over 15 years experience
in advising companies on the going public process and corporate governance
matters. He is dual-qualified in Ontario and South Africa. Mr Levitt has sat on
the boards of a number of public and private companies.
Mr. Richard G. Molyneux, Independent Director
Mr. Molyneux serves as an Executive Officer of De Beers Consolidated Mines Ltd.
Mr. Molyneux served as the President and Chief Executive Officer of De Beers
Canada, Inc., from February 2000 to April 2006. Mr. Molyneux joined De Beers
Canada, Inc. in 1971. Mr. Molyneux has been Director at Vector Resources Inc.
since March 5, 2010. Mr. Molyneux has been a Director of Tahera Diamond Corp.,
since May 15, 2007. He serves as a Trustee of Diamond Holdings Trust. He has
served on numerous boards of mining and exploration firms. He completed a BSc
(Hons) degree in Geology on a scholarship from the University of Cape Town. He
completed Graduate Diploma in Engineering courses at the University of
Witwatersrand, in the fields of rock mechanics, underground mine design and
non-explosive rock breaking. Mr. Molyneux obtained a diploma in Integrated
Environmental Management from the University of Cape Town.
Geoffrey Philip Mott, Chief Financial Officer and Corporate Secretary
As an executive, investor and strategic advisor, Mr. Mott has been closely
involved with a number of successful US and Canadian companies in the digital
media sector. Mr. Mott started his career at The Boston Consulting Group, then
went on to found two successful technology companies, before becoming a Managing
Director at Vantage Point Capital Partners, a multi-stage investment firm based
in CA. At VPCP he oversaw the company's Montreal-based portfolio of IT
investments, was involved in over $100m of direct investments across multiple IT
sectors and secured credit facilities of a similar magnitude for several
portfolio companies. Mr. Mott received a BA (1st class honours) and MA from
Oxford University and a Master of Science in Management from the Sloan School at
MIT.
Following the Transaction, by acquiring all the issued and outstanding
securities of Select-TV, Vector will have indirectly acquired Oriana, the
operating entity of the Select-TV business, which is the wholly-owned subsidiary
of Oriana USA who, in turn, shall then be the wholly-owned subsidiary of
Select-TV who, in turn, shall be the wholly-owned subsidiary of Vector. Thus
both Select-TV and Oriana USA, by virtue of their holding more than 10% of the
issued and outstanding shares of Oriana, shall be insiders of Vector.
Given that, following the Transaction, no holder of securities of Vector shall
hold, directly or indirectly more than 10% of the issued and outstanding capital
stock of Vector, the sole insiders of Vector and of its subsidiaries (being
Select-TV who in turn, is the parent corporation of Oriana USA who, in turn, is
the parent corporation of Oriana Canada, the operating company) shall be the
directors and officers of Vector.
Sponsor
Vector intends to apply for a waiver of the sponsorship requirements on the
grounds that the Concurrent Financing will be conducted as brokered private
placement with equivalent due diligence.
Conditions Precedent to Closing the Transaction
Mutual Conditions of the Transaction
There are a number of mutual conditions precedents for the completion of the
Transaction, including, without limitation, the following:
a. agreements and other documents including the Definitive Agreement
(collectively the "Transaction Documents") shall have been entered into
to give effect to the Transaction;
b. each of Oriana, Select-TV and Vector shall be satisfied, prior to 5:00
p.m. (Eastern time) on the day immediately preceding the Definitive
Agreement Date, with results of its due diligence investigations of the
other party, and (notwithstanding any due diligence investigations
previously conducted), unless Vector, Select-TV or Oriana provides
written notice to the others prior to 5:00 p.m. (Eastern time) on that
day that it is not satisfied with the results of its due diligence
investigations on the others, each of Oriana, Vector and Select-TV shall
then be deemed to be satisfied with the results of its due diligence
investigations of the other party;
c. completion of the Concurrent Financing;
d. the shareholders of Oriana and Select-TV shall have approved the
Transaction and approved or consented to such other matters as Oriana
and Select-TV shall consider necessary or desirable in connection with
the Transaction;
e. Certain Select-TV Securities Holders deemed to be holders of founders'
shares under the TSX rules shall, in addition to any escrow arrangement
entered into in compliance with the TSX Rules, submit to a pooling
agreement, a number of common shares representing fifteen percent (15%)
of their holdings in Vector for a period of up to eighteen (18) months,
however subject to early release upon Oriana achieving a December 31,
2013 revenue target of $2,012,425.00 based on installations pursuant to
signed contractual commitments. For purposes of clarity, in the event
that delays in the installation of Select-TV Solution systems are
attributable to hotel properties not being ready to receive such
installations, revenue shall be based on the signed contractual
commitments for installations of such Select-TV Solution systems.
f. the shareholders of Vector shall have approved the Transaction and
approved or consented to such other matters as either Vector, Select-TV
and Oriana shall consider necessary or desirable in connection with the
Transaction (including a change of name of Vector and/or Select-TV to a
name suggested by Oriana and acceptable under applicable laws);
g. all governmental, court, regulatory, third person and other approvals,
consents, waivers, orders, exemptions, agreements and all amendments and
modifications to agreements, indentures and arrangements which either
Oriana, Select-TV or Vector shall consider necessary or desirable in
connection with the Transaction and not otherwise specifically described
in this agreement shall have been obtained in form satisfactory to
Oriana, Select-TV and Vector acting reasonably; and
h. there shall have been no action taken under any applicable law or by any
government or governmental or regulatory authority which:
i. makes it illegal or otherwise directly or indirectly restrains,
enjoins or prohibits the completion of the Transaction, or
ii. results or could reasonably be expected to result in a judgment,
order, decree or assessment of damages directly or indirectly,
relating to the Transaction which is, or could be, materially
adverse to Oriana, Select-TV or Vector, respectively, on a
consolidated basis.
Obligations of Oriana and Select-TV
The obligation of Oriana and Select-TV to complete the Transaction are subject
to the satisfaction, among others, of the following conditions, in addition to
the conditions set out in the Definitive Agreement:
a. Vector shall have performed and complied in all material respects with
all of the covenants and obligations thereof required to be performed
prior to the completion of the Transaction;
b. the representations and warranties of Vector contained in the Definitive
Agreement shall be true and accurate, in all material respects, when
made and on and as of the completion of the Transaction with the same
force and effect as if they had been made at the completion of the
Transaction; and
c. there shall not have been any event or change that has had or would be
reasonably likely to have a material adverse effect on the share capital
of Vector as set forth in the final prospectus of Vector or on the
business, operations, results of operations, prospects, assets,
liabilities or financial condition of Vector.
Obligations of Vector
The obligations of Vector to complete the Transaction shall be subject to the
satisfaction of, among others, the following conditions:
a. Oriana and Select-TV shall have performed and complied in all material
respects with all of the covenants and obligations thereof required to
be performed by Oriana and Select-TV prior to the completion of the
Transaction;
b. the representations and warranties of Oriana and Select-TV contained in
the Definitive Agreement shall be true and accurate, in all material
respects, when made and on and as of the completion of the Transaction
with the same force and effect as if they had been made at the
completion of the Transaction; and
c. there shall not have been any event or change that has had or would be
reasonably likely to have a material adverse effect on the business,
operations, results of operations, prospects, assets, liabilities or
financial condition of Oriana and Select-TV taken as a whole.
Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as
proposed or at all.
Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.
Darryl Levitt, President & Chief Executive Officer
VECTOR RESOURCES INC.
Forward-Looking Statements:
This news release contains forward-looking information which is not comprised of
historical facts. Forward-looking information involves risks, uncertainties and
other factors that could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this news release
includes, but is not limited to, the anticipated completion of the Transaction,
the achievement of certain market penetration objectives and revenue targets, as
well as the anticipated terms, timing and consequences related thereto. Forward
looking information in this news release includes, but is not limited to, the
anticipated completion of the Transaction, the implementation of a business and
marketing strategic plan, the achievement of certain market penetration
objectives and revenue targets, as well as the anticipated terms, timing and
consequences related thereto. Factors that could cause actual results to differ
materially from such forward-looking information include, but are not limited
to, the inability of the parties to satisfy any conditions to the completion of
the Transaction, the inability of management to realize revenue from the
implementation of its strategic plan, the failure to achieve market penetration
and revenue targets, and general business and economic uncertainties Factors
that could cause actual results to differ materially from such forward-looking
information include, but are not limited to, the inability of the parties to
satisfy any conditions to the completion of the Transaction and general business
and economic uncertainties. Although the Company believes that the assumptions
and factors used in preparing the forward-looking information in this news
release are reasonable (including that any conditions to the completion of the
Transaction will be satisfied and/or waived), undue reliance should not be
placed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by
law.
The TSX Venture Exchange does not accept responsibility for adequacy or accuracy
of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Vector Resources Inc.
Darryl Levitt
President and Chief Executive Officer
416-826-3495
darryl.levitt@gmail.com
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