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Penfold Capital Acquisition IV Corporation: Update on Proposed Qualifying Transaction with SLM Logistics Corporation

Penfold Capital Acquisition IV Corporation: Update on Proposed Qualifying Transaction with SLM Logistics Corporation

TORONTO, ONTARIO--(Marketwire - March 10, 2012) - Penfold Capital Acquisition IV Corporation ("Penfold") (TSX VENTURE:PLD.P) is pleased to provide this Press Release to its shareholders and members of the public to update shareholders and others with respect to its proposed and previously announced "qualifying transaction" with SLM Logistics Corporation ("SML").

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