Ticker Symbol: C:LXC
Lingxian Capital files Jinsili QT filing statement
Lingxian Capital Inc (C:LXC)
Shares Issued 6,000,000
Friday September 11 2015 – News Release
Mr. Herrick Lau reports
LINGXIAN FILING STATEMENT AVAILABLE ON SEDAR
Further to Lingxian Capital Inc.’s news releases dated Aug. 14, 2014, and Dec. 12, 2014, with respect to its proposed qualifying transaction with Jinsili International Steel Holdings Co. Ltd.:
- A filing statement relating to the transaction has been filed on SEDAR;
- A definitive share purchase and exchange agreement between the company, Jinsili, Jinsili’s subsidiary and Xizhou Tong has been entered into, dated Aug. 24, 2015, in respect of the transaction. Details of the share exchange agreement are set out in the filing statement;
- A formal sponsorship agreement with Leede Financial Markets Inc. has been entered into, dated Aug. 25, 2015, which has also been filed with the TSX Venture Exchange. Pursuant to the sponsorship agreement, the sponsor has provided its final sponsor’s report to the TSX-V;
- Subject to certain conditions, as more particularly described in the filing statement, the parties have scheduled closing of the transaction, including the private placement in the amount of approximately $500,000, on Sept. 11, 2015.
Completion of the transaction is subject to a number of conditions, including but not limited to final acceptance of the TSX-V. Trading of the company’s common shares is expected to resume shortly after the closing of the transaction.
Investors are cautioned that, except as disclosed in the filing statement, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the company should be considered highly speculative.
We seek Safe Harbor.
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