/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
TORONTO, May 2 /CNW/ - Foxpoint Capital Corp. ("Foxpoint" or the "Corporation") (TSX-V: FXC.P), a capital pool company, announces that its previously
announced non-binding letter of intent dated November 8, 2010, as
amended January 20, 2011, with Touchstone Investment Holdings Limited
("Touchstone") has expired.
In conjunction with the expiration, the Corporation has recommenced its
search for a qualifying transaction.
The Corporation's shares are currently listed on the TSX Venture
Exchange Inc. but were halted from trading in anticipation of a
potential transaction with Touchstone. With the expiration of the
letter of intent, the Corporation's shares are expected to resume
The TSX Venture Exchange Inc. has neither approved nor disapproved of
the contents of this press release.
SOURCE Foxpoint Capital Corp.
For further information:
Foxpoint Capital Corp.
Fraser Buchan: President, CEO