Business
JBZ Capital Inc. advises that the proposed acquisition will not proceed.
VANCOUVER, Aug. 5, 2011 /CNW/ - Further to its news release of July 29, 2011, JBZ Capital ...
About this update from Revival Gold Inc
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 5, 2011 /CNW/ - Further to its news release of July 29, 2011, JBZ Capital Inc. (TSX-V: JBZ) (\"JBZ\") wishes to advise that the proposed acquisition of Fertoz Pty Ltd. (\"Fertoz\") will not proceed. JBZ and Fertoz had been in active discussions to\n restructure the terms of their proposed transaction but were unable to\n agree terms that met the needs of both parties.\n\n\n\"We are disappointed that we could not conclude a transaction with\n Fertoz.  We will explore  other acquisition opportunities in the future\n and  in the near term we will continue to focus on our Phase 1\n exploration program\" stated Nigel Gellard, President and CEO of JBZ.\n\n\nAs previously announced, JBZ advanced AUD$500,000 to Fertoz by way of a\n secured bridge loan.  This loan remains outstanding and is to be repaid\n in full on September 30, 2011.\n\n\nJBZ will request the TSXV to lift the trading halt on its stock as soon\n as possible.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\nJBZ CAPITAL INC.\n\n\nNigel Gellard\n\n\nPresident, CEO and Director\n\n\nInvestors are cautioned that trading in securities of JBZ Capital Inc.\n should be considered highly speculative.\n\n\nThe TSX Venture Exchange has in no way passed upon the merits of the\n proposed transaction described herein and has neither approved nor\n disapproved the contents of this news release. \n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this news\n release.\n\n\nSpecial Note Regarding Forward-Looking Statements\n\n\nCertain statements included herein constitute forward-looking\n statements. The words \"expect\", \"intend\", \"anticipate\", \"propose\" and\n \"may\" and similar expressions identify forward-looking statements.\n Forward-looking statements include, among other things, statements\n regarding JBZ. Forward-looking statements are necessarily based upon a\n number of estimates and assumptions. While such estimates and\n assumptions are considered reasonable by the management  of JBZ, they\n are inherently subject to significant business, economic, competitive\n and regulatory uncertainties and risks and accordingly may not occur as\n described herein or at all. Investors a...