|By Marketwired .||
|January 7, 2014 05:37 PM EST||
CALGARY, ALBERTA -- (Marketwired) -- 01/07/14 -- Sanction Capital Corp. (TSX VENTURE: SRP.P) (the "Company"), a capital pool company as defined under Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange, announces that it received shareholder approval at the Company's Annual General and Special Meeting held on December 18, 2013 (the "Meeting") excluding the shareholdings held by non-arm's length parties, to the transfer of its listing to the NEX board of the TSX Venture Exchange (the "Exchange"). In connection with the transfer of the listing to NEX, seed shareholders, in accordance with stipulated policies and procedures, have agreed to the cancellation of a total of 2,200,000 common shares.
The common shares of the Company will be transferred from the Exchange after market close on January 7, 2014 and will be listed on the NEX board under the symbol of SRP.H effective January 8, 2014.
About Sanction Capital Corp.
Sanction Capital Corp., a capital pool company within the meaning of the policies of the Exchange, was incorporated under the Business Corporations Act (Alberta) on May 11, 2011 and was listed on the Exchange on June 9, 2011. The Company does not have any operations and has no assets other than cash. The Company's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the Exchange.
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.
Sanction Capital Corp.
President, CEO, CFO and Director