TORONTO, ONTARIO--(Marketwired - June 25, 2015) - Brilliant Resources Inc. (TSX VENTURE:BLT) (the "Company" or "Brilliant") is pleased to announce that it received shareholder approval of its proposed change of business from a "junior resource company" to an "investment issuer" (the "Proposed COB") at its special meeting of shareholders held today. At the shareholders' meeting, shareholders also approved (i) a return of capital to shareholders of the Company of $0.145 per share (the "Return of Capital"), (ii) a change of name of the Company to "FCF Capital Inc.", (iii) an amended and restated stock option plan and (iv) an amended and restated deferred share unit plan.
The Return of Capital will be distributed to shareholders of Brilliant pursuant to the TSX Venture Exchange's due bill trading policy. Further information regarding due bills for the Return of Capital is contained in the Company's news release dated June 2, 2015.
There have been no changes in the management or board of directors of the Company as a result of the Proposed COB. Further information regarding the Proposed COB and the other matters approved at the meeting is contained in the Company's management information circular dated May 25, 2015 (the "Circular"), which is available for viewing on SEDAR at www.sedar.com.
Effective June 29, 2015, the Company will commence trading under the name FCF Capital Inc. and under the symbol "FCF".
Completion of the Proposed COB is subject to a number of conditions, including TSXV final acceptance. There can be no assurance that the Proposed COB will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Circular, any information released or received with respect to the Proposed COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Proposed COB and has neither approved nor disapproved the contents of this press release.
For further information about Brilliant Resources Inc. or this news release, please visit our website www.brilliantresources.com.
NEITHER THE 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.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the future strategy of the Company and the final approval of the Proposed COB. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and, accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include, but are not limited to, failure to obtain final regulatory approval of the Proposed COB as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Brilliant disclaims any obligation to update or revise any forward-looking information or statements except as may be required by applicable law.