Business News • MarketWire • Giga Capital Corporation Announces TSX Venture Exchange Review |
Giga Capital Corporation Announces TSX Venture Exchange Review |
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Giga Capital Corporation Announces TSX Venture Exchange Review
CALGARY, ALBERTA--(Marketwire - Feb. 27, 2013) - Giga Capital Corporation (the "Corporation") - (TSX VENTURE:GIG.H), a capital pool company trading on the NEX board of the TSX Venture Exchange (the "TSXV"), announces that the TSXV has concluded a compliance review of the Corporation and has determined that the Corporation has contravened section 8.4 of TSXV Policy 2.4 (the "70/30 Rule") which provides that until completion of a Qualifying Transaction, no more than the lesser of 30% of the gross proceeds from the sale of securities issued by a CPC and $210,000 may be used for purposes other than for the location and completion of a Qualifying Transaction. While the Corporation has breached the 70/30 Rule, none of these expenses were prohibited per TSXV Policy 2.4.
View More : http://www.marketwire.com/mw/release.do?id=1762239&sourceType=3
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