OneCap Investment Corporation announces intention to transfer to NEX
25 Sep, 2014, 09:25 ET
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
MONTREAL, Sept. 25, 2014 /CNW Telbec/ - OneCap Investment Corporation (TSXV: OIC.P) ("OneCap"), a capital pool company as defined under Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange (the "TSXV"), announces that it has received approval from the TSXV to proceed to obtain written majority shareholder approval, excluding the votes of Non-Arm's Length Parties (as defined by the TSXV), to transfer its listing to the NEX board of the TSXV. In connection with the transfer of the listing to NEX and in accordance with stipulated policies and procedures of the TSXV, shareholders will be asked to consent to the cancellation of a total of 1,000,000 Seed Shares (as defined by the TSXV) of OneCap.
Transfer of the shares of OneCap to the NEX board remains conditional upon receipt of the necessary shareholder approval and final approval of the TSXV.
OneCap has concurrently with the dissemination of this news release filed on SEDAR (www.sedar.com) the form of shareholder consent that OneCap will be mailing to shareholders for the purposes of obtaining consent to the transfer to NEX and the cancellation of the Seed Shares.
About OneCap Investment Corporation:
OneCap Investment Corporation, a Capital Pool Corporation within the meaning of the policies of the TSXV, was incorporated under the Canada Business Corporations Act on April 20, 2012. OneCap completed its initial public offering on August 31, 2012, and began trading on the Exchange on September 12, 2012. OneCap does not have any operations and has no assets other than cash. OneCap's business is to identify and evaluate businesses and acquisitions with a view to completing a qualifying transaction under the policies of the Exchange.
Neither TSX Venture Exchange 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: OneCap Investment Corporation
For further information: Pierre Setlakwe, President, Chief Executive Officer and Director, Telephone: (514) 878-3201
Share this article