Business
JBZ Capital Inc. provides update
Jul. 22, 2011 (Canada NewsWire Group) -- VANCOUVER, July 22, 2011 /CNW/ - JBZ Capital Inc. (...
About this update from Revival Gold Inc
[{"type":"text","content":"\n\n\n Jul. 22, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, July 22, 2011 /CNW/ - JBZ Capital Inc. (TSX-V: JBZ) ("JBZ") wishes to provide an update on the status of its proposed acquisition\n Fertoz Pty Ltd. ("Fertoz") and on its recent exploration activities.\n\n\nJBZ previously announced on June 9, 2011 a proposed transaction that\n would have resulted in a reverse takeover of JBZ by Fertoz with the\n current Fertoz shareholders acquiring 65% of JBZ.  It was also expected\n that, as part of the transaction, Fertoz would have raised a minimum of\n $5 million by way of a private placement.  The size of the financing\n was set in order to meet one of the TSX Venture Exchange (the "TSXV") requirements applicable to reverse takeover transactions.\n\n\nSince that June 9 announcement, JBZ and Fertoz have determined to\n postpone the private placement due to unfavourable current market\n conditions.  As a result, JBZ and Fertoz are in discussions to revise\n the terms of the transaction.\n\n\nJBZ's stock will remain halted until the TSXV has received required\n submissions from JBZ in connection with a revised proposed transaction\n with Fertoz or the proposed transaction is otherwise terminated.  JBZ\n expects to determine before the end of the month whether the proposed\n transaction will proceed.  If the proposed transaction proceeds,\n trading of JBZ's shares will remain halted as described above.  If JBZ\...