OTTAWA, Oct. 19 /CNW Telbec/ - Tarquin Group Inc. (the "Company")
(TSX VENTURE: TQN) today confirmed that it continues to work with its agents
toward completing the proposed private placement previously announced on
April 19, 2007 and September 20, 2007. Under difficult market conditions
Tarquin Group remains optimistic that it will be able to secure needed funds
in order to support the growing businesses of the Tarquin Group companies and
to fund the process of searching out and pursuing potential acquisitions.
Closing of the proposed private placement is subject to certain customary
conditions, including, but not limited to, the execution of an agency
agreement between the Company and the agents, entering into definitive
subscription agreements with subscribers and the receipt of all necessary
regulatory approvals, including the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any securities.
About Tarquin Group
The goal of Tarquin Group Inc. (TSX VENTURE: TQN) is to become a
diversified industrial technology company providing solutions to the global
manufacturing market. Acting strategically in desirable niche markets
worldwide, it is expected that Tarquin's structure and processes will ensure
superior product solutions for customers while driving profitable growth for
all its stakeholders. Tarquin's target companies are niche market leaders in
the fields of laser applications and test, measure and control solutions for
manufacturing. For more information visit: www.tarquingroup.com.
This news release contains forward-looking information. These statements
relate to future events or future performance and reflect management's current
expectations and assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events, performance and
results discussed in the forward-looking statements. These forward-looking
statements are made as of the date hereof and Tarquin Group Inc. does not
assume any obligation to update or revise them to reflect new events or
The TSX-Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Investor relations: Jennifer North, CFO,
Tarquin Group Inc., (613) 240-4300