Black Point's Qualifying Transaction With Mistral Pharma Approved by the Shareholders.MONTREAL -- Black Point Capital Inc. ("Black Point") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BPL See broadband over power lines. .P) announced that both its shareholders and the shareholders of Mistral Mis·tral , Frédéric 1830-1914. French writer and leader in the revival of Provençal as a literary language. He shared the 1904 Nobel Prize for literature. mis·tral n. Pharma Inc. ("Mistral") have approved the amalgamation of Black Point with Mistral at the special meetings held today. Upon completion of all the formalities, Black Point and Mistral will proceed with the amalgamation. The terms and conditions of the amalgamation are set forth in details in the joint management information circular Information Circular A document sent to shareholders outlining important matters to be discussed at the annual shareholders' meeting. Notes: Sent along with a proxy, the information circular may cover matters such as the election of the Board of Directors, possible dated December 17, 2004 pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the special meetings of shareholders. The corporation resulting from the amalgamation will be called "Mistral Pharma Inc." and it will carry on the same activities as those currently carried on by Mistral. Mistral's Web site address is www.mistralpharma.com The amalgamation is conditional upon the issuance of units of Black Point for a minimum amount of $2.5 million and a maximum of $5 million. Each unit will be comprised of one Black Point common share and one Black Point common share purchase warrant. The details of this offering are set forth in the press release issued on December 29, 2204. Canaccord Capital Corporation, First Associates Investments Inc. and Jennings Capital Inc. have agreed to act as agents for this proposed financing. Black Point also announced that all the other matters submitted to its shareholders were approved including the stock option plan and the amendment of the general by-law. "Trading in the securities of a capital pool company should be considered highly speculative. 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. Inc. does not accept responsibility for the adequacy or accuracy of this release." Black Point Capital Inc. (TSX VENTURE:BPL.P) |
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