WINNIPEG, MANITOBA--(Marketwire - Feb. 27, 2013) - MPVC Inc. ("MPVC" or the "Corporation") is pleased to announce that it has successfully completed its application for revocation of its cease trade orders issued by The Manitoba Securities Commission ("MSC"), the Alberta Securities Commission ("ASC") and the British Columbia Securities Commission ("BCSC"). The cease trade orders were issued due to the failure of the Corporation to file with the MSC, the ASC and the BCSC annual audited financial statements and annual MD&A for its financial year ended December 31, 2008, within the time periods set out in securities legislation.
MPVC has filed subsequently due financial statements up to the most recent quarterly interim statements for the three month period ended September 30, 2012, and is now up to date in its continuous disclosure obligations.
The Corporation was originally listed on the TSX Venture Exchange (the "TSX-V") but listing of its shares was moved to the NEX exchange for failure to maintain continued listing requirements of the TSX-V. MPVC has been reviewing several opportunities for a transaction which will qualify the Corporation for reinstatement to trading on the TSX-V. Any proposed transaction would constitute a change of business under the policies of the TSX-V and will be subject to further review by the TSX-V before being presented to the shareholders of MPVC for their approval. The Corporation will be required to prepare and file an information circular regarding the approval of the proposed change of business as well and other annual and special matters for shareholder approval.
Neither the 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 news release.