OTTAWA, Nov. 7, 2012 /CNW/ - LW Capital Pool Inc. (NEX: LWI.H) (the "Company"), a capital pool company, announces that in recognition of his extraordinary contributions to the Company, Richard Boadway, Chairman, Chief Financial Officer and director of the Company, will be granted options to purchase 363,000 common shares in the capital of the Company, at an exercise price of $0.10 per share, to be effected on such date as is determined by the NEX. The grant of options to Mr. Boadway represents 5% of the issued and outstanding shares in the capital of the Company.
About LW Capital Pool Inc.
The Company is designated as a Capital Pool Company by the TSX-V. The Company has not commenced commercial operations and has no assets other than cash. The Company continues to actively pursue a Qualifying Transaction. Any proposed Qualifying Transaction must be approved by the TSX-V and, in the case of a non-arm's length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a Qualifying Transaction.
For further information regarding the Company and its management team, please see the Prospectus filed with the Company's disclosure documents on SEDAR at www.sedar.com.
This press release may contain or refer to forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that actual results will be consistent with such statements. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.
SOURCE: LW Capital Pool Inc.
For further information:
P. 613-599-9600 (ext. 253)