VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2012) - Xemplar Energy Corp. (the "Company") (TSX VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) is pleased to announce that the Company's shareholders (the "Shareholders") approved the Company's previously announced change of business ("COB") transaction at the special meeting of Shareholders convened on August 15, 2012.
Pursuant to the COB, the Company will acquire inventory and certain land, machinery and equipment used for the growing, harvesting, sale and exporting of pecan crops in southwest Texas (the "Acquisition"). The Acquisition is expected to be completed on or about August 29, 2012.
Trading of the shares of the Company remain halted and will be reinstated upon receipt by the TSX Venture Exchange of satisfactory documentation to effect a resumption of trading.
Further information regarding the Acquisition and the COB can be found in the Company's management information circular dated July 20, 2012, a copy of which has been filed by the Company on The System for Electronic Document Analysis and Retrieval (SEDAR) and will be available under the Company's profile at www.sedar.com.
The TSX Venture Exchange has in no way passed upon the merits of the proposed Acquisition and has neither approved nor disapproved the contents of this press release.
On behalf of the Board of Directors of
XEMPLAR ENERGY CORP.
William F. Harley III, President and Director
Certain statements contained in this press release may include forward-looking information with respect to the Company's operations and future financial results. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. Further information can be found in the disclosure documents filed by the Company at www.sedar.com.
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.