Business News • MarketWire • Gideon Capital Corp. Announces Proposed Qualifying Transaction With Monterra SA |
Gideon Capital Corp. Announces Proposed Qualifying Transaction With Monterra SA |
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Gideon Capital Corp. Announces Proposed Qualifying Transaction With Monterra SA
TORONTO, ONTARIO--(Marketwire - March 3, 2012) - Gideon Capital Corp. ("Gideon Capital") (TSX VENTURE:GOL.P), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), is pleased to announce that it has entered into a letter of intent (the "LOI") for the arm's length acquisition of 100% of the common shares of Monterra S.A. ("Monterra"), a company incorporated under the laws of the Republic of Panama. Pursuant to the terms of the LOI and subject to completion of certain conditions precedent, including, satisfactory due diligence, execution of a definitive agreement and receipt of all necessary regulatory and Exchange approvals, the proposed acquisition of Monterra will qualify as Gideon Capital's "Qualifying Transaction" as defined by Exchange Policy 2.4.
View More : http://www.marketwire.com/mw/release.do?id=1627553&sourceType=3
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