GA Capital and Taycon Capital Terminate Merger
October 20 2009 - 11:13AM
Marketwired
GA Capital Corp. ("GA Capital") (TSX VENTURE: GAC.P) and TayCon
Capital Corporation ("TayCon") (TSX VENTURE: TYC.P), capital pool
companies ("CPC's") listed on the TSX Venture Exchange ("TSXV"),
announced today the termination of the merger transaction between
them announced on September 3, 2009.
Under TSXV policies, a CPC may be subject to suspension if it
has not completed its Qualifying Transaction within 24 months of
its original listing date. On September 11, 2009, the TSXV
announced temporary relief measures to permit CPC's with a
Qualifying Transaction deadline expiring between October 1, 2009
and March 31, 2010 to apply for an extension of its deadline date
up to March 31, 2010. GA Capital and TayCon had Qualifying
Transaction deadlines scheduled to expire in the first half of
November 2009 and the merger transaction was being undertaken by
the companies principally to obtain an extension of the deadline
dates. Under TSXV policies, upon a merger of two or more CPC's, the
Qualifying Transaction deadline date is extended until 12 months
following the completion of the merger. As previously announced,
both companies applied for and obtained extensions of their
Qualifying Transaction deadline dates to March 31, 2010 under the
TSXV's temporary relief measures and intend to independently pursue
their own Qualifying Transaction. However, the companies reserve
the right to re-institute this or enter into another CPC merger
transaction if a suitable Qualifying Transition has not been
identified with sufficient time to complete the Qualifying
Transaction by March 31, 2010.
The common shares of each company, which were suspended from
trading upon the merger announcement, are expected to resume
trading on the TSXV shortly.
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.
Contacts: GA Capital Corp. J. Allan Ringler President & CEO
(647) 330-4711 alringler@bell.net TayCon Capital Corporation Morgan
Cowl President & CEO (416) 704-0660
tayconcapital@sympatico.ca
Greenfield Acquisition (TSXV:GAC.P)
Historical Stock Chart
From Jan 2025 to Feb 2025
Greenfield Acquisition (TSXV:GAC.P)
Historical Stock Chart
From Feb 2024 to Feb 2025
Real-Time news about Greenfield Acquisition Corp (TSX Venture Exchange): 0 recent articles
More GA Capital Corp. and TayCon Capital Corporation News Articles