TORONTO, Jan. 16 /CNW/ - CNR Capital Corporation (the "Corporation")
(trading symbol "PY.P") announced today that effective as of today's date,
pursuant to the terms of a share purchase agreement between Mui Cheung, a
Director of the Corporation, and Dawson Capital Corporation ("DCC"),
2,400,000 common shares in the capital of the Corporation (the "Shares") have
been transferred by Mui Cheung to DCC. DCC is a private investment corporation
and the sole officer, director and shareholder is Jeffrey Dawson, the Chief
Executive Officer, Chief Financial Officer, and a director of the Corporation.
As a result of this transfer, DCC now holds 29.70% of the common shares in
the capital of the Corporation.
The Shares acquired by DCC are subject to escrow in accordance with the
policies of the TSX Venture Exchange Inc. (the "Exchange") and accordingly,
such Shares may only be dealt with in accordance with the policies of the
In addition to the transfer of shares, Mui Cheung has tendered her
resignation as a director and Chairperson of the Corporation, effective
The Board of Directors of the Corporation would like to thank Ms. Cheung
for her contribution to the business of the Corporation and wish her well in
her new endeavours.
THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Jeffrey Dawson, Chief Executive Officer, Chief
Financial Officer, Director, at: Telephone: (416) 932-8858, E-mail: