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Vancouver, BC / TNW-ACCESSWIRE / October 10, 2014 / Pacific-Link Capital Inc. (TSX-V: PCL.H) (the "Company") On December 6, 2012, the Company reported that it had entered into a non-binding letter of intent (the "LOI") dated November 22, 2012 with Eidam Diagnostics Corporation ("Eidam"), whereby the Company will acquire all the issued and outstanding securities in the capital of Eidam in exchange for the securities of the common shares in the capital of the Company (the "Proposed Transaction").
The Proposed Transaction was subject to a number of conditions precedents including due diligence. As was noted in the Company's interim financial statements for the six months ended July 31, 2013, the Company and Eidam have mutually agreed to terminate the Proposed Transaction after the expiry of the due diligence period under the LOI.
The board of directors of the Company will continue to actively seek opportunities for a Qualifying Transaction, as that term is defined in Policy 2.4 Capital Pool Companies of TSX Venture Exchange.
On behalf of the board of
PACIFIC-LINK CAPITAL INC.
Per: "Patrick Wong"
Patrick Wong
Director and Chief Executive Officer
For further information, please contact Patrick Wong at:
c/o 1708 West 6th Avenue
Vancouver, British Columbia
Canada V6J 5E8
Direct: (604) 739-9500
Fax: (604) 739-9394
Email: patrick@wongrobinson.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements that the board of directors of the Company will continue to actively seek opportunities for a "Qualifying Transaction" (as defined in the policies of the Exchange) in accordance with the policies of the Exchange. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward-Looking Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.
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