CALGARY, Dec. 4 /CNW/ - LeBoldus Capital Inc. ("LeBoldus" or the "Corporation") (TSXV: LEB.P) announces the termination of the previously announced agreement to acquire a prospective uranium property known as the Green Lake Property in north east Saskatchewan.
On February 18, 2009, LeBoldus entered into the Green Lake Property Sale and Purchase Agreement with Kinetex Multi-Component Services Inc. (the "Agreement"), providing for the acquisition of a prospective uranium property known as the Green Lake Property in north east Saskatchewan. The Agreement was extended April 30, 2009, July 29, 2009 and September 30, 2009, and expired on October 30, 2009. Discussion between the parties continued throughout November. Pursuant to the terms of the Agreement, the deposit previously paid by LeBoldus is to be refunded by Kinetex.
The acquisition of the Green Lake Property was intended to constitute the qualifying transaction of LeBoldus, a capital pool company, pursuant to the policies of the TSX Venture Exchange. Trading of the common shares of LeBoldus was halted on February 19, 2009 pending receipt and review by the TSX Venture Exchange of acceptable documentation regarding the proposed qualifying transaction. The Corporation expects trading of the common shares to resume shortly and the board of directors of LeBoldus is now seeking other qualifying transaction opportunities.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE LEBOLDUS CAPITAL INC.
For further information: For further information: Evatt Merchant, President, Chief Executive Officer and Director, LeBoldus Capital Inc., Suite 400, 2710 - 17th Avenue S.E., Calgary, AB, T2A 0P6, Telephone: (403) 237-9777, Facsimile: (403) 237-9775, E-mail: email@example.com