2013-02-14 06:09:09 -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Calgary, Alberta CANADA, February 13, 2013 /FSC/ - VisionSky Corporation (VKY - CNSX) ("VisionSky")is pleased to announce that holders of common shares of VisionSky have overwhelmingly approved the proposed plan of arrangement (the "Arrangement") pursuant to the provisions of the Business Corporations Act (Alberta), involving (among others) VisionSky, Dixie Energy Trust ("Dixie Trust") and Dixie Energy Ltd. pursuant to which the issued and outstanding securities of VisionSky would be exchanged for securities of Dixie Trust. Provided that final approval of the Court of Queen's Bench of the Province of Alberta is granted in respect of the Arrangement (an application for such approval is scheduled to be
heard on February 14, 2013) and all other conditions to closing are satisfied or waived, closing of the Arrangement is currently expected to occur on February 28, 2013.
Subsequent to completion of the Arrangement, VisionSky expects to have its common shares de-listed from the facilities of the Canadian National Stock Exchange (the "CNSX"), however VisionSky has been informed by Dixie Trust that the trust units of Dixie Trust will not be listed on the CNSX (or any other stock exchange) immediately subsequent to the Arrangement and, as such, Dixie Trust will become an unlisted reporting issuer.
For further information please contact:
John Mackay
Chief Executive Officer
VisionSky Corp.
400, 2424 - 4th Street SW
Calgary, AB T2S 2T4
T: (403) 619-3637
This press release may contain forward-looking statements and forward-looking information, including statements and information regarding the hearing for the final order in respect of the Arrangement, the anticipated closing date in respect of the Arrangement, the de-listing of the common shares of VisionSky from the CNSX, the intentions of Dixie Trust to become an unlisted reporting issuer subsequent to the Arrangement and the completion of the transactions contemplated by the Arrangement. The words "believe", "expect", "intend", "estimate", "anticipate", "project", "scheduled", and similar expressions, as well as future or conditional verbs such as "will", "should", "would", and "could" often identify forward-looking statements and forward-looking information. These statements and information are only predictions. Actual results and events may differ materially from those contemplated by these forward-looking statements and information due to these statements and information being subject to a number of risks and uncertainties. Undue reliance should not be placed on these forward-looking statements and forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements and forward-looking information involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements and forward-looking information will not occur. These risks and uncertainties include, but are not limited to, the failure of either of Dixie Trust or VisionSky to satisfy, or waive, all conditions to closing and the failure to receive the necessary third party approvals, including court approval, to complete the Arrangement; timing of the de-listing of the common shares of VisionSky from the CNSX; the general business and economic conditions in geographic areas where Dixie Trust may carry on operations; and legislative or regulatory developments. Although VisionSky believes that the expectations represented by such forward-looking-statements and forward-looking information are reasonable based on the information available to them on the date of this press release, there can be no assurance that such expectations will prove to be correct. VisionSky undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by law.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any investments. The securities of VisionSky will not and have not been registered under the United States Securities Act of 1933 as amended (the "US Securities Act"), or the securities laws of any state, and may not be offered, sold or delivered in the United States or to, or for the account or benefit of, a U.S. person (as defined by Regulation S under the US Securities Act), without registration or applicable exemption therefrom.
The Canadian National Stock Exchange has not approved and does not accept responsibility for the adequacy or accuracy of this news release.
To view this press release as a pdf file, click the following link:
www.usetdas.com/pr/VisionskyFeb13.pdf
Source: VisionSky Corporation (CNSX: VKY)
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