/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
VANCOUVER, Sept. 11, 2012 /CNW/ - Carolina Capital Corp. (TSXV: CQC.P) ("Carolina" or the "Company"), a capital pool company, entered into a letter agreement with EnvirEau Technologies Inc. ("EnvirEau") and its principal shareholders dated May 1, 2012, pursuant to which the Company and EnvirEau agreed to amalgamate as the Company's qualifying transaction (the "Qualifying Transaction").
Effective immediately, the letter agreement and the Qualifying Transaction have been terminated by mutual agreement as the parties were not able to satisfy the closing conditions of the proposed Qualifying Transaction. Carolina has made no advances to or on behalf of EnvirEau and has no further obligations to EnvirEau or its shareholders.
Carolina will continue to investigate market opportunities as a Qualifying Transaction that will allow it to further enhance shareholder value in the near term.
Carolina's common shares will be reinstated to trading at the market open within 48 hours of the Exchange's issuance of a Resume Trading Bulletin.
ON BEHALF OF THE BOARD
Suzanne Wood, CEO and Director
Neither the TSX Venture Exchange Inc. 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 release.
SOURCE: Carolina Capital Corp.
For further information:
Suzanne Wood, Tel: (604) 687-6991 ext. 12