TSX VENTURE: OCC
VANCOUVER, Feb. 19, 2015 /CNW/ - With respect to its previously announced Change of Business transaction, Oceanside Capital Corp. (the "Company" or "Oceanside") (TSX VENTURE: OCC) continues to work towards the conclusion of its due diligence and negotiation of binding agreements with respect to the proposed transactions, which remain subject to shareholder and all regulatory approvals, as previously announced by the Company on January 19, 2015.
Completion of the transactions described in this news release are subject to a number of conditions, including the approval of the TSX Venture Exchange, the requisite approval of the Company's shareholders, satisfactory completion of due diligence by Oceanside and other customary closing conditions. The transactions cannot close until the required shareholder approval is obtained. There can be no assurance that the transactions will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transactions, any information released or received with respect to the proposed change of business may not be accurate or complete and should not be relied upon. Trading in the securities of Oceanside should be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this news release.
SOURCE Oceanside Capital Corp.
For further information: David Schmidt, director, at (604) 630-6889.