Vesta Capital Corp. (TSX VENTURE:VES.P) Announces Termination of Proposed Qualifying Transaction With 3G Solar, Ltd.
June 01 2009 - 11:13AM
Marketwired Canada
On May 26, 2009, 3G Solar, Ltd. ("3G") advised Vesta Capital Corp. ("Vesta")
(TSX VENTURE:VES.P), that it had elected not to proceed with the proposed
qualifying transaction which was first described in Vesta's press release dated
November 10, 2008 (the "QT").
In connection with the proposed QT, Vesta had made a secured loan in the
principal amount of $225,000.00 CAD to 3G. In light of 3G's termination, Vesta
will be seeking immediate repayment of the loan. In addition, Vesta will seek
reimbursement from 3G, for its out-of-pocket costs incurred in connection with
the proposed QT, from 3G.
Vesta will immediately begin to actively seek out other candidates for a new
qualifying transaction.
For Investors
This press release may include statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. Vesta cautions that actual performance will be affected by a
number of factors, many of which are beyond its control. Future events and
results may vary substantially from what Vesta currently foresees. Discussion of
the various factors that may affect future results is contained in Vesta's
recent filings, available on SEDAR.
Vesta Capital Corp. (TSXV:VES.P)
Historical Stock Chart
From Jul 2024 to Aug 2024
Vesta Capital Corp. (TSXV:VES.P)
Historical Stock Chart
From Aug 2023 to Aug 2024