Crimson Bioenergy Ltd. announces a change of business and requests a trading halt
May 04 2015 - 1:36PM
PR Newswire (Canada)
VANCOUVER, May 4, 2015 /CNW/ - The Board of Directors of
Crimson Bioenergy Ltd. ("Crimson" – trading symbol 'CSN') has made
a decision to change the nature of the Company's business. Moving
forward, Crimson's new business will be to invest in technology
companies in the U.S., Canada and
elsewhere. The Company plans to purchase minority positions
consisting of shares and/or convertible debentures of these
technology companies.
Crimson is in discussions with investors regarding funding for
this new business, but no agreement has been reached at this
time.
The change of business will require the approval of Crimson's
shareholders and the TSX Venture Exchange. The Company has
requested that trading in its shares be halted until the necessary
approvals are obtained.
NEITHER 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.
SOURCE Crimson Bioenergy Ltd.
Copyright 2015 Canada NewsWire
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