Anchor Capital Corporation Announces Termination of Letter of Intent
CALGARY, ALBERTA--(Marketwired - Aug. 11, 2016) - Anchor Capital Corporation ("Anchor" or the "Corporation") (TSX VENTURE:ANC.P) announces that, further to its press release dated June 17, 2016 providing details concerning its proposed qualifying transaction (the "Transaction") with Intraline Medical Aesthetics PTY Limited ("Intraline"), Intraline and Anchor have mutually agreed to terminate the non-binding letter of intent entered into in respect of the Transaction. Anchor intends to pursue other potential qualifying transactions, while Intraline intends to consider and pursue other potential alternatives to maximize value and create liquidity for its shareholders.
