EDMONTON, ALBERTA--(Marketwire - June 15, 2012) -
Enterprise Capital Corporation (the "Company") (NEX:ECE.H) is pleased to announce the filing on SEDAR of a filing statement dated June 14, 2012 (the "Filing Statement") pursuant to the policies of the TSX Venture Exchange Inc. (the "Exchange"). The Filing Statement sets out the specifics of the previously announced transaction with Ecuador Capital Corp. that the Company proposes to have constitute its arm's length "Qualifying Transaction". Closing of the Qualifying Transaction is currently anticipated to occur on June 22, 2012.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future development developments that the Company expects are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.
Completion of the Company's Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this press release