MONTREAL, July 12, 2013 /CNW Telbec/ - OneCap Investment Corporation, a Capital Pool Company ("OneCap") (TSXV: OIC.P) announces that the offer to purchase an industrial building located in Montréal and described in its January 25, 2013 press release has expired, without OneCap being able to acquire that building.
The directors of OneCap are carrying on with their efforts to announce shortly a Qualifying Transaction in accordance with the policies of the TSX Venture Exchange (the "Exchange"). Taking into account the very advance state of the current negotiations, OneCap has asked the Exchange to maintain its cease trade.
Furthermore, Mr. Daniel Dorey will take on additional challenges for which announcement will be made shortly. Mr. Dorey is therefore relinquishing today his position as President and Chief Executive Officer of OneCap, but will remain on the Board of Directors as Chairman of the Board and will be involved in the strategic decision-making process of the corporation.
The Board of Directors of OneCap will shortly appoint a new President and Chief Executive Officer and will maintain focus on the realization of the Qualifying Transaction.
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:
Mr. Pierre Setlakwe
Secretary and Director