/Not for distribution in the United States or through United States wire
TORONTO, Sept. 27, 2011 /CNW/ - Triumph Ventures Corp. ("Triumph")
(TMP.P), a capital pool company listed on the TSX Venture Exchange Inc.
(the "Exchange"), is pleased to announce that the Exchange has
conditionally accepted its proposed transaction (the "Qualifying
Transaction") with Highvista Gold Corp. ("Highvista") on substantially
the terms set forth in its news release of April 25, 2011. A Filing
Statement in respect of the Qualifying Transaction has been prepared in
accordance with the requirements of the Exchange and will be filed on
SEDAR. Closing of the proposed transaction is expected to occur on or
about October 6, 2011.
Highvista is a private company headquartered in Toronto and incorporated
on November 12, 2010 under the Business Corporations Act (Ontario). Highvista's management, board and technical team has
significant experience in Mexican gold exploration, development and
Highvista and an affiliated company own 100% of a Mexican subsidiary
that in turn controls the 24,215 hectare Canasta Dorada Gold Project
located in Sonora State, Mexico. This project is located in the
Sonoran Gold Belt adjacent to AuRico Gold's 1.7 million ounce El
Chanate Mine. Highvista has identified several mineralized areas at
Canasta Dorada, and intends to complete a drill program at three of
these areas in the fourth quarter of 2011. "We have assembled an
exceptional team and project in a world class mining district," notes
Rick Adams, President and CEO of Highvista, "and look forward to
further exploring Canasta Dorada".
Investors are cautioned that, except as disclosed in the filing
statement prepared in connection with the Qualifying Transaction, any
information released or received with respect to the 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 highly speculative.
Statements in this press release may contain forward-looking information
including, but not limited to, statements with respect to the closing
or completion of the Qualifying Transaction. Any statements that are
contained in this press release that are not statements of historical
fact may be deemed to be forward looking statements. The reader is
cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from those
predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control
of Triumph. The reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prove to be
incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this press release
are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made
as of the date of this press release, and Triumph does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by securities
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED
STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY
STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
Completion of the Qualifying Transaction is subject to a number of
conditions, including but not limited to, final Exchange acceptance.
There can be no assurance that the Qualifying Transaction will be
completed as proposed or at all.
THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE
PROPOSED TRANSACTION AND HAS NEITHER APPROVED OR DISAPPROVED THE
CONTENTS OF THIS PRESS RELEASE.
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 PRESS
SOURCE Triumph Ventures Corp.
For further information:
| Triumph Ventures Corp. |
| Jim Andersen, Director |
| Telephone: |
| (416) 947-9800 |
| Highvista Gold Corp. |
| Richard Adams, President and CEO |
| Telephone: |
| (416) 504-3588 |