/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
Trading Symbol: TSXV:SPC.P
VANCOUVER, Oct. 23 /CNW/ - Sandpoint Capital Inc. (TSXV: SPC.P)
("Sandpoint"), a capital pool company, announces the results of its special
meeting (the "Meeting") held on October 22, 2008. At the Meeting, the
shareholders approved all resolutions placed before them by management,
including the amalgamation of Sandpoint with Swift Power Corp., the repurchase
of escrowed shares, as well as the adoption of a new stock option plan. The
requisite disinterested shareholder approval was obtained for the termination
of escrow and repurchase of escrow shares.
ON BEHALF OF THE BOARD
Peter Shandro, Chief Executive Officer
Completion of the transaction is subject to a number of conditions. There
can be no assurance that the transaction will be completed as proposed or at
Investors are cautioned that, except as disclosed in the management
information circular 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.
For further information:
For further information: Peter Shandro, firstname.lastname@example.org, (604)