|By Marketwired .||
|August 6, 2014 05:45 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 08/06/14 -- Walmer Capital Corp. (TSX VENTURE:WAL.H) (the "Company"), a capital pool company as defined under Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange, announces that the common shares of the Company will be transferred from the Exchange after market close on August 6, 2014 and will be listed on the NEX board under the symbol of WAL.H effective as of the market open on Thursday, August 7, 2014. As previously announced, in connection with the transfer to the NEX board, 1,000,000 common shares issued by the Company as seed shares before its initial public offering have been cancelled. The common shares will remain suspended pending the completion or termination of the proposed Qualifying Transaction disclosed in its press release of May 8, 2014.
Jay Richardson, Chief Executive Officer of the Company, commented as follows: "Walmer has embarked on creating an enterprise with a strategy that has not been available to retail investors and has had a very positive reaction from many market participants. The delay, while regrettable, does not alter the plan and its likelihood of significant success. We remain confident that the transaction is a good one for Walmer, its shareholders and the market. Walmer intends to complete the previously announced transaction to acquire Beresford Box Company, Inc. as soon as possible and then apply for relisting on the facilities of the TSX Venture Exchange as soon as possible. An extension of the memorandum of understanding for the Qualifying Transaction is being formalized and is expected to be signed shortly."
About Walmer Capital Corp.
Walmer Capital Corp., a capital pool company within the meaning of the policies of the Exchange, was incorporated under the Business Corporations Act (Alberta) on June 9, 2011 and was listed on the Exchange on May 4, 2012. 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 and is in the process of completing its previously announced Qualifying Transaction.
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.
Walmer Capital Corp.
Jay Richardson, Chief Executive Officer and
Chief Financial Officer and Director
Toronto Office: 416-410-JAYR (5297)