CALGARY, ALBERTA--(Marketwired - April 25, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Kairos Capital Corporation (TSX VENTURE:KRS.P) ("Kairos" or the "Corporation"), a capital pool company (a "CPC"), is pleased to announce that the TSX Venture Exchange (the "Exchange") has conditionally accepted Kairos' proposed qualifying transaction (the "Qualifying Transaction") as previously disclosed in a news release dated September 11, 2012.
Kairos' filing statement dated April 25, 2013 (the "Filing Statement"), as approved by the Exchange, has been filed on SEDAR and may be viewed under the Corporation's profile at www.sedar.com. The Filing Statement describes Kairos' proposed Qualifying Transaction, as required by Exchange Policy 2.4. Kairos anticipates that the Qualifying Transaction will close over the next two weeks.
It is currently anticipated that trading of the common shares in the capital of Kairos will remain halted until the Exchange has reviewed all documents required by the Exchange.
Further Information
Kairos is a CPC created to identify potential acquisitions of commercially viable businesses and/or assets that have the potential to generate profits and add shareholder value.
Forward Looking Information
Statements in this press release regarding Kairos' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as terms and completion of the proposed transaction. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed, or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Kairos Capital Corporation
Kenneth DeWyn
President, Chief Executive Officer and Director
(403) 690-5387
