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TORONTO, ONTARIO--(Marketwired - March 7, 2017) - Focused Capital Corp. ("Focused") (NEX:FLO.H), a capital pool company formed under the policies of the TSX Venture Exchange (the "Exchange"), is pleased to announce that it has entered into a non-binding letter of intent dated March 3, 2017 (the "LOI") for the business combination with True North Nickel Inc. ("TNN"). Pursuant to the terms of the LOI, and subject to completion of certain conditions precedent, including, satisfactory due diligence, execution of a definitive agreement, and receipt of all necessary director, shareholder, regulatory and Exchange approvals, the proposed business combination with TNN will qualify as Focused's "Qualifying Transaction" as defined by Exchange Policy 2.4. Further details of the proposed transaction, including the consideration to be paid, will follow in future press releases. |
