MCM Capital One Inc. Announces Transfer to NEX
14 Mai 2014 - 8:30PM
Marketwired
MCM Capital One Inc. Announces Transfer to NEX
TORONTO, ONTARIO--(Marketwired - May 14, 2014) - MCM Capital One
Inc. ("MCM")
(TSX-VENTURE:ZGN.P), ("MCM" or the "Corporation") today announced
the transfer of its listing from the TSX Venture Exchange ("TSXV")
to the NEX board of the TSXV (the "NEX").
MCM's common shares (the "Common Shares") commenced trading on
the TSXV on January 24, 2012. On October 8, 2013, MCM announced the
proposed acquisition of Enerdynamic Hybrid Technologies Inc.
("EHTI") as its qualifying transaction (the "Transaction") and a
halt trade of the shares. On January 27, 2014, the TSXV suspended
trading of the Common Shares as a result of the Corporation's
failure to complete a qualifying transaction within 24 months of
listing. The Corporation had a further 90-day period within which
to complete the Transaction or obtain the necessary shareholder
approval and transfer its listing to the NEX (the "NEX
Transfer").
To date, MCM has made progress towards completing the
Transaction, but has not completed the Transaction within the
allotted period. As a result, MCM obtained the requisite
shareholder approval (exclusive of the votes of non-arm's length
parties to MCM) for the NEX Transfer at a meeting of its
shareholders held on March 20, 2014 (the "Meeting").
In addition, at the Meeting, shareholders approved the
cancellation of 1,050,000 seed shares of MCM held in escrow
pursuant to the escrow agreement dated February 28, 2011 between
MCM, Valiant Trust Company and certain shareholders, in accordance
with the TSXV Policy 2.4. On May 15, 2014, MCM's listing will
transfer to NEX under the trading symbol ZGN.H and the Company's
Tier classification will change from Tier 2 to NEX.
ABOUT MCM CAPITAL ONE
INC.
MCM CAPITAL ONE INC. is a capital pool company ("CPC") formed
under the TSXV CPC program.
Completion of the proposed Transaction is subject to a number of
conditions, including but not limited to, TSXV acceptance. 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 filing
statement to be prepared in connection with the proposed
Transaction, any information released or received with respect to
the proposed Transaction may not be accurate or complete and should
not be relied upon. Trading in the securities of a CPC should be
considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of
the proposed Transaction and has neither approved nor disapproved
the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
MCM Capital One Inc.Joseph HengDirector &
CFOjheng@macdonaldmines.com
(TSXV:ZGN.P)
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