Update on Proposed Qualifying Transaction with Two-West Wind and Solar Inc.

VANCOUVER, April 1 /CNW/ AXEA Capital Corp. ("AXEA") (NEX: XEA.H) is pleased to provide this Press Release to its shareholders and members of the public to update shareholders and others with respect to its proposed "qualifying transaction" with Two-West Wind and Solar Inc. ("Two-West") previously announced on February 14, 2011.

Subject to TSX Venture Exchange ("TSXV") approval, AXEA intends on lending Two-West, on a fully secured basis, in one or more tranches, $75,000 in accordance with the rules of the TSXV and subject to the approval of the board of directors of Two-West of the proposed use of proceeds for the loan or each tranches thereof. The foregoing loan is in addition to the $25,000 advanced to Two-West which was announced on February 14, 2011.

About Two-West Wind and Solar

Two-West is a private vertical-axis wind turbine ("VAWT") and solar company with its head office located in Toronto, Ontario. Two-West sells 4kw VAWTs to municipalities, schools, sports facilities and golf courses and other commercial venues. In addition to selling turbines, Two-West also sells sponsorship banners on the VAWTs, creating a high-impact visual statement for sponsors and site owners alike.

Trading of the common shares of AXEA has been halted in connection with the announcement of the proposed "qualifying transaction", and will recommence at such time as the TSXV may determine, having regard to the completion of certain requirements pursuant to TSXV Policy 2.4. Further details of the proposed transaction, including the consideration to be paid, will follow in future press releases.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. 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 management information circular or filing statement to be 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.

The 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 information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although AXEA believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, AXEA disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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 Axea Capital Corp.

For further information:

AXEA Capital Corp.
Gil Schneider
President & CEO
Tel: 604-484-5761
Email: axeacapital@gmail.com

Profil de l'entreprise

Axea Capital Corp.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.