TSX Venture Exchange Symbol: POD.P
TORONTO, April 30 /CNW/ - Podium Capital Corporation announces that,
further to its press release dated March 19, 2009, its proposed Qualifying
Transaction (as defined in TSX Venture Exchange Inc. (the "Exchange") policy
2.4) with 3542114 Canada Inc., carrying on business as "CRS Electronics" is
The proposed Qualifying Transaction is being reviewed by the Exchange
and, subject to Exchange approval, is expected to be completed by the middle
of May, 2009.
Completion of the proposed Qualifying 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
approval. Where applicable, the proposed Qualifying Transaction cannot close
until the required shareholder approval is obtained. There can be no assurance
that the proposed Qualifying Transaction will be completed as proposed or at
Investors are cautioned that, except as disclosed in the filing statement
to be prepared in connection with the proposed Qualifying Transaction, any
information released or received with respect to the proposed Qualifying
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
The Exchange has in no way passed upon the merits of the proposed
Qualifying Transaction and has neither approved nor disapproved the contents
of this press release. Neither the Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this press release.
Certain statements contained in this news release constitute
"forward-looking information" within the meaning of Canadian securities laws.
Forward-looking information may relate to this news release and other matters
identified in Podium's public filings, Podium's future outlook and anticipated
events or results and can be identified by terminology such as "may", "will",
"could", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "projects", "predict", "potential", "continue" or other similar
expressions concerning matters that are not historical. Such forward-looking
statements are based on a number of material factors and assumptions,
including, but not limited in any manner, those disclosed in any other Podium
filings. While we consider these assumptions to be reasonable based on
information currently available to us, they may prove to be incorrect. Actual
results may vary from such forward-looking information for a variety of
reasons, including but not limited to risks and uncertainties disclosed in
other Podium filings at www.sedar.com and other unforeseen events or
circumstances. Other than as required by law, Podium does not intend, and
undertakes no obligation to update any forward looking information to reflect,
among other things, new information or future events.
For further information:
For further information: Podium Capital Corporation, Kevin Reed,
President and Chief Executive Officer, (416) 361-0930, or 3542114 Canada Inc.
(operating as CRS Electronics), Scott Riesebosch, President and Chairman,