|By Marketwired .||
|September 30, 2013 11:25 AM EDT|
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/30/13 -- Oculus Ventures Corporation (TSX VENTURE:OVX.H) announces that it has terminated its Qualifying Transaction with Quest Oil & Gas Ventures Inc. (a wholly owned subsidiary of Quest Investments LLC), previously announced March 20, 2013, due to adverse market conditions.
The Company will continue to pursue other opportunities with a view to completing its Qualifying Transaction. As a result of the failure of the Company to complete its Qualifying Transaction the Company announces its intention to complete a restructuring of the Company's share capital by way of consolidation on an up to five (5) old common shares for one (1) new common share basis.
ON BEHALF OF OCULUS VENTURES CORPORATION
Morgan Tincher, President and CEO
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.
Oculus Ventures Corporation
(604) 648-8105 (FAX)