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Vancouver, BC / TNW-ACCESSWIRE / October 7th, 2014 / Sceptre Ventures Inc. ("Sceptre" or the "Company") (SVP.P-TSXV) a Capital Pool Company announces the issuance of a letter to update shareholders.
Dear Fellow Shareholder,
Sceptre Ventures has had a frustratingly long journey thus far in search of a Qualifying Transaction ("QT"). The Company has pushed very hard to complete various contemplated transactions but has, for varying reasons up until now, been unable complete a QT.
As you are probably aware, the public markets have been presenting junior companies with significant challenges over the same time period, financing being a major concern, for many if not all.
This has been a prime consideration for Sceptre management. We do not want to present to you a QT that doesn't have long term growth potential, simply to 'do a deal'. We would like a QT for shareholders that presents a transaction with inherent foundational merit and the Sceptre team has the ability to create and grow long-term shareholder value. Sceptre is committed to creating value and opportunity for shareholders, to do otherwise is both a disservice to all those shareholders who have been with the Company for so long, and a failing on the part of management.
Even during this trying time in the markets, Sceptre is in good standing with the TSXV, has begun to trade its shares on the open market and is up to date with all audits and regulatory fees and filings. In addition, the Board of Directors has been reinvigorated with the additions of Mitchell Smith and Malcolm Burke who bring a wealth of practical and entrepreneurial experience to the Sceptre board. The Company is ready to move quickly to transact business when the right deal is presented. As of now, Sceptre is in advanced discussions with several groups on prospective projects that fit our prerequisites for creating viable long-term growth and increased shareholder value.
Going forward we believe our ongoing commitment and focus will allow us to find the right transaction that will grow value organically and long-term. We welcome any questions or comments from shareholders at any time.
Sincerely,
The Board of Directors
About Sceptre Ventures Inc.
Sceptre Ventures Inc. is a Capital Pool Company ("CPC") within the meaning of the policies of the TSXV and has not commenced commercial operations and has no assets other than cash. The Company proposes to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the TSXV CPC policies.
For Further Information:
Mr. Graham Abbott
Tel: 604-688-4219 ext. 237
Email: graham@sceptreventures.com
Mr. Jaime Stallwood
Tel: 604-688-4219 ext. 236
Email: jaime@sceptreventures.com
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.
We seek safe harbour.
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