Business
Anergy Announces Update on Qualifying Transaction
Mar. 4, 2011 (Filing Services Canada) -- Anergy Capital Inc.  (ACA.P - TSX Venture), ...
About this update from Kraken Robotics Inc
[{"type":"text","content":"\nAnergy Announces Update on Qualifying Transaction\n\n Mar. 4, 2011 (Filing Services Canada) -- Anergy Capital Inc.  (ACA.P - TSX Venture), a capital pool company, announces that the Qualifying Transaction (\"QT\") with AllcoGreen Corp. (\"AllcoGreen\") announced November 16, 2010 is proceeding and that the Company is continuing its due diligence and preparing the filing statement required by the TSX Venture Exchange (the \"Exchange\"). AllcoGreen intends to acquire the entire share capital of Texas based Allco, LLC and several affiliated entities prior to the closing of the QT pursuant to an Share Purchase Agreement which has been entered into by the parties.  The Company has recently been provided with the unaudited financial statements of pending AllcoGreen subsidiary Allco, LLC for the fiscal year ended December 31, 2010 and is pleased to see that both revenue and net income have materially increased when compared to the prior year.For further information, please contact:Harley SinclairChief Executive OfficerANERGY CAPITAL INC.1010-609 Granville StreetPO Box 10354, Pacific CentreVancouver, BC   V7Y 1G5T: (778) 785-0321F: (604) 648-8031E: [email protected] of the transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.  Trading in the securities of a capital pool company should be considered highly speculative.The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.FORWARD LOOKING INFORMATIONCertain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, unce...