Newlook Retains Sponsor for Planned Change of Business
29 Dezembro 2009 - 1:03PM
Marketwired
Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE:
NLI) announces that it has retained Fraser Mackenzie Limited
("Fraser Mackenzie") for a Sponsorship and Financing engagement.
Fraser Mackenzie is an independent investment dealer offering
investment banking, corporate advisory and equity research services
to institutional fund managers and small and mid capitalization
corporate clients. The firm focuses on small and mid capitalization
companies in the energy, diversified industries, metals and mining
sectors.
Fraser Mackenzie has agreed to act as Sponsor, in accordance
with TSX Venture Policy 2.2 with respect to a planned Change of
Business (the "Transaction") pursuant to TSX Venture Policy 5.2.
Sponsorship will be subject to completion of Fraser Mackenzie's due
diligence in accordance with applicable rules and policies of the
TSX Venture Exchange. An agreement to sponsor should not be
construed as any assurance with respect to the merits of the
Transaction or the likelihood of completion.
Newlook has also engaged Fraser Mackenzie regarding the
completion of a brokered private placement in association with the
Sponsorship, subject to regulatory approval. Specific terms of the
private placement have not yet been finalized.
The Company will release details of the Transaction as soon as
they are available. The TSX Venture Exchange has in no way passed
upon the merits of the proposed Transaction and has neither
approved nor disapproved the contents of this press release.
Newlook Industries Corp., headquartered in Toronto, Ontario is a
publicly traded company listed on the TSX Venture Exchange. For
more information please call (905) 833-0072 or refer to
www.sedar.com.
The management of the company, who take full responsibility for
its content, prepared this press release. This press release
contains forward-looking statements relating to future events and
results that are based on Newlook's current expectations. These
statements involve risks and uncertainties including, without
limitation, Newlook's ability to successfully develop and market
its products, consumer acceptance of such products, competitive
pressures relating to price reductions, new product introductions
by third parties, technological innovations, and overall market
conditions. Consequently, actual events and results in future
periods may differ materially from those currently expected.
Neither 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.
Contacts: Newlook Industries Corp. John G. Simmonds Chief
Executive Officer (905) 833-0072 x223
Newlook Industries Corp (TSXV:NLI)
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