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| Home : Interactive Capital Partners Terminates Proposed Qualifying Transaction and Enters Into Subscription Agreement With Green Swan |
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Apr 27
2013 |
Interactive Capital Partners Terminates Proposed Qualifying Transaction and Enters Into Subscription Agreement With Green Swan |
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OTTAWA, ONTARIO--(Marketwired - April 26, 2013) - Interactive Capital Partners Corporation (TSX VENTURE:HFM.H) ("ICP"), a capital pool company, and Green Swan Capital Corp. (TSX VENTURE:GSW) ("Green Swan"), announce that they have entered into a subscription agreement (the "Subscription Agreement"), whereby ICP will participate in a private placement into Green Swan (the "Private Placement") of up to 1,360,000 shares of Green Swan at $0.05 for each such share (each, a "Green Swan Share") which, upon completion, will constitute the Corporation's qualifying transaction (the "Qualifying Transaction") pursuant to the policies of the TSX Venture Exchange (the "Exchange"). Under the Subscription Agreement, ICP shall invest all of its available cash reserves (anticipated to be approximately $68,000) in the Private Placement. The Private Placement is anticipated to close on or about June 28, 2013, subject to shareholder and regulatory approvals, including that of the Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1783542&sourceType=3 |
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