/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
All amounts in Canadian Dollars
TORONTO, Sept. 12, 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 it is proceeding with the
proposed transaction (the "Qualifying Transaction") with Highvista Gold
Corp. ("Highvista") on substantially the terms set forth in its news
release of April 25, 2011. Triumph now intends to advance an aggregate
of $250,000 to Highvista in accordance with Section 8.5 of the Policy
2.4 (the "Policy") of the Exchange. The $250,000 advance will be
compromised of a $25,000 unsecured deposit (the "Deposit") and a
$225,000 secured loan (the "Loan"). The Loan will bear interest at 6%
and will be secured by a charge over all of the present and after
acquired real and personal property of Highvista. The proceeds of the
Deposit and the Loan will be used by Highvista to fund its ongoing
operations pending completion of the proposed Qualifying Transaction.
The Loan will not be advanced until (i) at least 15 days from the
dissemination of this news release; and (ii) the Corporation has
received confirmation of Exchange acceptance for the Loan.
Investors are cautioned that, except as disclosed in the information
circular or filing statement to be 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, operating costs, administrative costs, capital spending,
access to credit facilities, and other components of cash flow and
earnings. 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
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, 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 SER VICES 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
Facsimile: (416) 947-9804
Highvista Gold Corp.
Richard Adams, President and CEO
Telephone: (416) 504-3588
Facsimile: (415) 504-4129