|By Marketwired .||
|July 3, 2014 03:16 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 07/03/14 -- Walmer Capital Corp. (TSX VENTURE: WAL.P) (the "Company"), a capital pool company as defined under Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange, is pleased to announce that each of the matters set out in the Company's management information circular dated May 30, 2014 (the "Circular") for the annual and special meeting of shareholders held June 30, 2014 (the "Meeting") were approved by the requisite majority of shareholders. In particular, the Company received shareholder approval, excluding the shareholdings held by non-arm's length parties, to the transfer of its listing to the NEX board of the TSX Venture Exchange (the "Exchange") to list on NEX by August 6, 2014, or such later date as may be agreed to by the Exchange, should the Company not be able to complete its previously announced proposed Qualifying Transaction by that date. The Company also received shareholder approval to cancel 1,000,000 common shares of the Company issued by the Company as seed shares before its initial public offering should the transfer of the listing to NEX be necessary and approval by special resolution to change the name of the Company to "Walmer Corporation" or such other name as the Board may determine.
Further, each of the director nominees listed in the Circular were elected as directors of the Company. As such, James Richardson, Peter Andrews and Peter Bloch will continue as directors of the Company and two new director nominees, Kevin McElcheran and Aaron Hammer, have joined the Board effective June 30, 2014.
Further information regarding the matters approved at the Meeting can be found in the Company's Circular filed on SEDAR under their SEDAR profile on June 4, 2014 at www.sedar.com.
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 Qualifying Transaction as disclosed in its press release of May 8, 2014, on SEDAR.
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)
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