TORONTO, Sept. 21, 2015 /CNW/ - Valucap Investments Inc. (Valucap) is pleased to confirm that Synopsys, Inc. (Nasdaq: SNPS) acquired all of Valucap's shares in Elliptic Technologies Inc. (Elliptic) as part of its acquisition of Elliptic earlier this summer.
Valucap has been working with creditors and management, as a result of the transaction, to repay certain obligations and to better position the company so it can move forward with a viable business model based on its remaining assets at some point in the future.
Valucap has investments in emerging technologies and markets. The company's mandate is currently under review as it seeks to eliminate outstanding debt and other obligations while maximizing the value of its current holdings. To date, Valucap has operated as a small cap Canadian equity company that specialized in investing in commercialized and undercapitalized companies that had high growth potential. Specifically, Valucap sought to generate above average investment returns on its capital by providing "transaction driven" growth capital to micro and small cap companies which operated within preferred industry sector classifications.
This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding future plans and objectives of Valucap and the future plans, objectives and actions of the companies in which it invests, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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 Valucap Investments Inc.
For further information: Valucap Investments Inc.: Jeffrey S. Watts, President and Chief Executive Officer, Tel: 1 (416) 364-2591, Email: [email protected]