Carlaw Capital II Corp. Announces Qualifying Transaction
04 5월 2009 - 11:26PM
Marketwired
Carlaw Capital II Corp. ("Carlaw" or the "Corporation") (TSX
VENTURE: CAW.P) is pleased to announce that it has entered into a
definitive acquisition agreement with TrueContext Corporation
("TrueContext") and certain of its principal shareholders, pursuant
to which Carlaw will complete a business combination to acquire
TrueContext (the "Proposed Transaction").
When completed, the Proposed Transaction will constitute
Carlaw's qualifying transaction pursuant to the policies of the TSX
Venture Exchange (the "TSXV"), and is subject to compliance with
all necessary regulatory approvals and certain other terms and
conditions. A comprehensive press release with further particulars
relating to the Proposed Transaction will follow in accordance with
the policies of the TSXV.
ABOUT TRUECONTEXT CORPORATION
Established in 2001, TrueContext is a pioneer in the creation
and utilization of easy to use mobile forms applications. Their
flagship product, Pronto Forms (www.prontoforms.com) simplifies
field data capture and extends the most powerful business
applications to nearly any mobile device. This award-winning,
patented technology allows non-technical customers to securely
build, manage and deploy a wide variety of forms for mobile
workforce management. For questions or additional information,
please contact TrueContext at sales@truecontext.com or at
+1.877.333.9779.
ABOUT CARLAW CAPITAL II CORP.
Carlaw Capital II Corp. is a capital pool company ("CPC") formed
under the TSXV CPC program.
Completion of the proposed transaction is subject to a number of
conditions, including but not limited to, TSXV 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 filing
statement to be prepared in connection with the proposed
transaction, any information released or received with respect to
the proposed transaction may not be accurate or complete and should
not be relied upon. Trading in the securities of a CPC should be
considered highly speculative.
Certain information in this press release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. The Corporation assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to the Corporation. Additional information identifying
risks and uncertainties is contained in the Corporation's filings
with the Canadian securities regulators, which filings are
available at www.sedar.com.
The TSXV has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents
of this press release. Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
Contacts: Carlaw Capital II Corp. Amar Bhalla Chairman and Chief
Executive Officer (416) 915-8127 abhalla@hbinvest.com TrueContext
Corporation Alvaro Pombo Chief Executive Officer (613) 599-8288
ext. 1111 apombo@truecontext.com
(TSXV:CAW.P)
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