SCX.H Sagittarius Capital Corp

Sagittarius Capital Corp. (TSX VENTURE:SCX.H) ("Sagittarius" or the
"Corporation"), a capital pool company which entered a Letter of Intent
September 1, 2010 (the "Letter of Intent") with Alpaca Resources Inc. ("Alpaca"
or the "Company" and together with Sagittarius, the "Parties") to acquire all of
the issued and outstanding securities of Alpaca (the "Qualifying Transaction" or
"QT"), is pleased to announce that the Parties agree to further amend the Letter
of Intent to extend the due diligence and certain other conditions provided for
in paragraphs 13 to December 31, 2010.


More specifically, the Parties have agreed to extend the deadline from October
31, 2010 until December 31, 2010 to complete a financial and legal due diligence
investigation of Alpaca, obtain from Sagittarius and the Company all director,
shareholder, and Exchange approvals as required under applicable laws and
regulatory policies, as well as negotiate, execute and deliver the formal
amalgamation agreement. All other terms, conditions, and provisions of the
Letter of Intent will remain in full force and effect.


About Alpaca

Alpaca is a mineral exploration and development company with advanced and early
stage copper and gold exploration properties, primarily in the Western United
States. Alpaca's copper portfolio consists of the Hill Copper and Troy Ranch
projects in Arizona. Alpaca's gold portfolio consists of the Iron Butte project
in Nevada and the Pataz project in the Peru.


Completion of the Qualifying Transaction is subject to a number of conditions
including, but not limited to, Exchange acceptance and if applicable pursuant to
Exchange Requirements, majority of the minority shareholder approval. Where
applicable, the Qualifying Transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that the Qualifying
Transaction will be completed as proposed, or at all. 


Investors are cautioned that, except as disclosed in the or filing statement to
be prepared in connection with the transaction, any information released or
received with respect to the transaction may not be accurate or complete and
should not be relied upon. Trading in the securities of a capital pool company
should be considered highly speculative.

Sagittarius Capital Corp (TSXV:SCX.H)
Historical Stock Chart
From May 2024 to Jun 2024

Sagittarius Capital Corp (TSXV:SCX.H)
Historical Stock Chart
From Jun 2023 to Jun 2024