TORONTO, Nov. 23, 2011 /CNW/ - Look Communications Inc. ("Look" or the "Company") today announces the transfer of its listing from the TSX Venture
Exchange (the "TSXV") to the NEX board of the TSXV (the "NEX"), as a result of Look no longer carrying on an active business
following the sale of its spectrum business in 2009. Look's multiple
voting shares and subordinate voting shares will commence trading on
the NEX effective November 25, 2011 under the symbols "LOK.H" and
Look's management continues to pursue its ongoing strategy of attempting
to preserve capital, maximize the value of the Company's remaining
assets and capitalize on options for maximizing returns to the
Company's shareholders. Look does not expect the transfer of its
listing to the NEX to materially impact its strategy.
Certain statements contained in this news release constitute
forward-looking information within the meaning of applicable Canadian
securities laws. The words "may", "attempt", "expect", "will" and
similar expressions are intended to identify forward-looking
information. Such information reflects Look's current views with
respect to future events and are subject to certain risks,
uncertainties and assumptions. Many factors could cause actual results,
performance or achievements that may be expressed or implied by such
forward-looking statements to vary from those described herein should
one or more of these risks or uncertainties materialize. In addition,
there can be no assurance with respect to the outcome of litigation. In
particular, there can be no assurance that Look will identify any
particular options for maximizing shareholder returns or that the
transfer of its listing to the NEX will not materially impact the
Company's strategy. Except as required by law, Look does not assume any
obligation to update or revise the forward looking statements contained
in this press release to reflect actual events or new circumstances.
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 release.
SOURCE Look Communications Inc.
For further information:
Grant McCutcheon, Director, Look at (905) 660-8100/ (LOK. LOK.A.)