VANCOUVER, British Columbia,
Dec. 31, 2015 /PRNewswire/ -- MFC
Industrial Ltd. ("MFC" or the "Company") (NYSE:MIL) announces that,
further to its press releases dated June
15 and November 16,
2015, it continues to work towards completion of its proposed
acquisition of a Western European Bank and currently expects to
obtain requisite regulatory approvals on or before January 11, 2016.
About MFC Industrial Ltd.
MFC Industrial Ltd. is a finance and supply chain company, which
facilitates the working capital and other requirements of its
customers. Our business activities involve customized structured
financial solutions and are supported by captive sources and
products secured from third parties. We do business in multiple
geographies and specialize in a wide range of industrial products
such as metals, ceramics, minerals, electricity/power, various
steel products and ferro-alloys, chemicals and wood products.
Forward-Looking Statements
This document contains statements which are, or may be deemed
to be, "forward-looking statements" which are prospective in
nature, including, without limitation, statements regarding
the Company's planned acquisition of a bank and the receipt of
regulatory approvals in connection therewith and any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Forward-looking statements are not based on
historical facts, but rather on current expectations and
projections about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. Often, but not always, forward-looking
statements can be identified by the use of forward-looking words
such as "plans", "expects", "intends", "anticipates" or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. Such statements
are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, revenues,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Important factors that could cause
the Company's actual results, revenues, performance or achievements
to differ materially from the Company's expectations include, among
other things: the Company's ability to satisfy conditions to the
closing of the bank acquisition, including the receipt of requisite
regulatory approvals; the Company's ability to integrate and
realize the benefits of such acquisition; and other factors beyond
the Company's control. Such forward-looking statements should
therefore be construed in light of such factors. Other than in
accordance with its legal or regulatory obligations, the Company is
not under any obligation and the Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Additional information about these and other
assumptions, risks and uncertainties are set out in the Company's
Annual Report on Form 20-F filed with the U.S. Securities and
Exchange Commission and the Company's Management's Discussion and
Analysis for the three and nine months ended September 30,
2015, filed with the Canadian securities regulators.
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SOURCE MFC Industrial Ltd.