Primaria C Capital (Canada) Ltd. Anno ounces Revocation of Ceasse Trade Ordeers and New M Managementt Team Decembe er 19, 2014, To oronto, Ontaario ‐ Primariaa Capital (Can nada) Ltd. ("Primaria" or tthe "Compan ny") a company listed on the Canadian Sto ock Exchange e ("CSE") undeer the symbol PCA is pleassed to announ nce Ontario, Britissh Columbia aand Alberta Se ecurity Comm missions havee granted a fu ull revocation of that the O the cease trade orderss (the "CTOs")) previously fiiled against thhe Company . The CTOs were impose ed for the Com mpany's failure to file inteerim financial statements, interim managem ment's discusssion and analyysis and certiffication of intterim filings. TThe trading o of the Company's shares waas also suspen nded by the C CSE on Decem mber 18, 20133 for failure tto file monthlly activity rep ports and pay associated filin ng fees. In conjunction witth the revoca tion of the CTTOs, the Com mpany has maade an on to resume trading of the e suspended shares. applicatio As a pre‐ccondition of the CTO revoccation, the Co ompany has aalso filed on SSEDAR all of th he outstandin ng interim fin nancial statem ments and maanagement's discussion annd analysis fo or the interim m periods ended December 31, 2013, M March 31, 2014 and June 30 0, 2014. As the Company move es forward in aachieving its corporate go als, effective immediatelyy, the Compan ny's Board of D Directors and d Officers will consist of the e following apppointees: Sachin Rao Narayan, President and CEO, Director Mr. Naryaan currently ffinishing a com mbined diploma in accounnting and finaance at the No orthern Alberrta Institute o of Technologyy, is an experienced and proven peoplee manager, with a successfful track record of deliveringg results havin ng spent in exxcess of 10 ye ears working in the treasurry managemeent branch att the City of Edmonton. Joanne Gaallevo, Corporate Secretarry, Director As a Cliniccal Nurse Man nager/Clinical Nurse Speciialist in chargge of various p paediatric faccilities and theeir Ms Gallevo e operatingg procedures, excels in workking in a high ly regulated eenvironment along with heer medical e expertise offers a unique perspective to o many busineesses. Joannee also has clin nical expertisee in paediatricc bone marrow transplant,, and palliativve care. She r eceived a Bacchelor of Artss with a major in Linguisticss from York U University, Bachelor of Scie ence of Nursinng from York University, aand a Master of Science off Nursing from m the Universsity of British Columbia. Constantine Papadopo oulos, Interim m CFO, Directo or Mr. Papad dopoulos is th he President, CEO, and a B Board Membeer of Circa Picctures and Pro od. Co., Intl. Inc, he is w well establish hed in the tele evision and film industriess, first with Cinemax Picturres and now C Circa Pictures aas CEO where he is bridging the gap witth Canadian aand United States film marrkets. Messrs. H Henry Kloeppe er and Ivan Bu uzbuzian rece ently resignedd as directorss of the Comp pany. Their assistance e to Primaria has been dee eply appreciated. The new M Managementt of Primaria iintends to raise funds and find new targget companiees to invest in n through e either equity o or debt instru uments. The C Company willl also providee unique oppo ortunities to clients thaat are interessted in raisingg capital, and as part of ou r service offeering the company will pro ovide solutions,, advice and gguidance on h how best to sttructure offerring to both aattract potenttial investors and avoid the pitfalls of improper corpo orate financing. To achievee this mandatte we will recruit a dedicatted team to w work directly w with clients to o provide the e highest quallity solutions possible. The Comp pany intends to issue furth her news releases as warraanted by the progress of itts search in finding appropriaate target inve estments and d corporate finance clientss. The Compaany will hold aa meeting of the sharehold ders within 90 0 days of the CTO revocation order. In conjuncction, with th he CTO revocaation request, the Companny intends to make an app plication to th he CSE to reinstate its listing sstatus. About Priimaria The Comp pany's listing on the CSE under the sym mbol PCA is ccurrently haltted from trad ding and has 48,838,66 67 shares outstanding. For furth her informattion, please contact: Constantine Papadopo oulos Director Tel: 905-302-8883 cdap@me e.com Cautiona ary Note This press s release contains or may y be deemed to contain "fo orward-lookin ng informatio on" within the e meaning of applicable Canadian se ecurities legislation, and iss not for relea ase in the Un nited States o of America. Forward-look king informattion includes, but is not lim mited to, stattements (exp press or impliied) relating to o the impact of the appoin ntment of the ese officers. F Forward look king informatiion is subjectt to known an nd unknown risks, r uncerta ainties and otther factors th hat may causse the actual results, leve el of activity, performance p or achieveme ents of the Co ompany, its p properties an nd/or its proje ects to be materially y different fro om those exp pressed or implied by such h forward-loo oking informa ation. Accordiingly, readers should not pla ace undue reliance on forw ward-looking information. The Compan ny does not undertake e to update any a forward-looking inform mation, excep pt in accordance with applicable securiities laws.
© Copyright 2024