Business
Humber Capital Corporation announces conditional approval of qualifying transaction
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, Oct. ...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\nTHE U.S./\n\n\nTORONTO, Oct. 28 /CNW/ - Humber Capital Corporation (TSX-V: RUM.P) (the\n"Corporation" or "Humber"), a capital pool company listed on the TSX Venture\nExchange (the "Exchange"), is pleased to announce today that the Exchange has\naccepted the filing of its filing statement (the "Filing Statement") and has\nprovided conditional approval to the closing of Humber's Qualifying\nTransaction, as defined under Exchange Policy 2.4 - Capital Pool Companies\n(the "CPC Policy").\n\n\nAs previously announced, Humber's Qualifying Transaction involves two\ncomponents: (i) the purchase by the Corporation (the "Acquisition"), pursuant\nto the terms of a share purchase agreement dated as of August 25, 2008, of all\nof the issued and outstanding shares of Anderson's Liquor Inc., a retail\nliquor store operator incorporated under the laws of the Province of Alberta;\nand (ii) a private placement of up to 3,000,000 common shares of the\nCorporation at a price of approximately $0.30 per common share (the "Private\nPlacement", and together with the Acquisition, the "Transaction").\n\n\nThe completion of the Transaction will remain contingent upon the closing\nof the Private Placement and the Corporation fulfilling the requirements of\nthe Exchange for completion of a Qualifying Transaction.\n\n\nFollowing completion of the Transaction, Humber (the Resulting Issuer)\nwill be engaged in the business of owning and operating retail liquor stores\nin the Province of Alberta.\n\n\nAssuming all conditions to closing are satisfied, Humber currently\nexpects to close the Transaction in November 2008. Shareholders of the\nCorporation are encouraged to go to SEDAR at www.sedar.com to review the\nCorporation's Filing Statement dated October 28, 2008.\n\n\nHumber Capital Corporation\n--------------------------\n\n\nHumber is a capital pool company listed on the Exchange. The principal\nbusiness of the Corporation is the identification and evaluation of assets or\nbusinesses with a view to completing a Qualifying Transaction. Since its\nincorporation, other than its initial public offering under the CPC Policy in\nApril 2008 and the transactions in relation thereto, the Corporation has not\...