71 Capital Corp. Announces Termination of ADL Oilfield Consulting Transaction
March 11 2014 - 10:12AM
PR Newswire (Canada)
(TSXV-NEX: SVN.H)
TORONTO, March 11, 2014 /CNW/ - 71 Capital Corp. (the
"Corporation") (TSXV-NEX: SVN.H) today announced that it has
terminated its letter of intent for the qualifying transaction with
ADL Oilfield Consulting Ltd. ("ADL"). Although
management of the Corporation and ADL worked diligently to complete
this transaction market conditions were such that the conditions
for completion of the transaction could not be satisfied.
Management is actively looking for a new qualifying transaction for
the Corporation and the Corporation will update the market as
developments arise.
It is anticipated that the Corporation's common shares will
commence trading again on March 13,
2014.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE 71 Capital Corp.
Copyright 2014 Canada NewsWire
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