AFL Capital Ventures Inc. Announces Changes to its Capital Pool Company 'CPC' Escrow Agreement.TORONTO -- AFL AFL: see American Federation of Labor and Congress of Industrial Organizations. Capital Ventures Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AFL)("AFL") announces that, as a result of its being listed as a TSX Venture Tier 1 Company on December 3, 2004, it is taking action to amend the terms of its CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. escrow agreement dated December 16, 2003 (the "Escrow Agreement"). All of the 666,666 common shares of AFL issued prior to AFL's initial public offering ("IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ") and all common shares acquired by non-arm's length parties of AFL pursuant to the IPO are escrowed pursuant to the Escrow Agreement. Under the amended Escrow Agreement, the common shares escrowed pursuant to the Escrow Agreement will be released from escrow in equal amounts (consisting of approximately 166,666 shares each) on December 3, 2004, June 3, 2005, December 3, 2005 and June 3, 2006 respectively. Further details regarding AFL may be found in the documents filed by AFL on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com from time to time. About AFL Capital Ventures Inc. AFL is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the trading symbol AFL. Through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Equity Transfer Services Inc., AFL Capital Ventures Inc. provides transfer services to mid-market issuers in the North American capital markets. Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with AFL's growth, the state of the financial markets, regulatory risks and other factors. Unless otherwise required by applicable securities laws, AFL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect AFL's financial and business results is included in public documents AFL files from time to time with Canadian securities regulatory authorities. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. AFL Capital Ventures Inc. (TSX VENTURE:AFL) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion