2012-12-24 19:28:45 -
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Toronto, Ontario CANADA, December 24, 2012 /FSC/ - Pounder Venture Capital Corp. (PDR.H - TSX Venture), ("Pounder"), a capital pool company listed on the NEX board of the TSX Venture Exchange (the "TSX-V") announces that its previously announced business combination with Zurix Corporation Limited has been terminated and the proposed business combination will not proceed.
NEX is a separate board of the TSX-V designed to provide a trading forum for publicly-listed companies while they assess their business plans, operations, and formulate a strategy to reactivate their businesses for future growth. Pounder will resume its process of identifying and evaluating businesses and assets with a view to completing a transaction
which will meet the initial listing requirements of the TSX-V.
The Pounder Shares will remain suspended from trading pursuant to TSX-V Policy 2.9. Pounder intends to make application for reinstatement of trading in due course.
Forward Looking Information
This news release contains "forward-looking information", within the meaning of applicable Canadian securities legislation. Specifically this news release contains forward looking information about Pounder making an application for reinstatement of trading and Pounder's plans and expectations of identifying and evaluating businesses and assets with a view to completing a transaction which will meet the initial listing requirements of the TSX-V. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by the forward-looking information, including without limitation, Pounder's requirements for additional capital and its availability, and the possibility of slowing growth and worsening global economic conditions.
For further information, please contact:
Pounder Venture Capital Corp.
Telephone: 416 891-6500
Fax: 905 472-0139
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.
To view this press release as a press release, please click on the following link:
Source: Pounder Venture Capital Corp. (CPC - PDR.P)
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