(Burlington, ON) Tempus Capital Inc. (“Tempus”) announces it has entered into an agreement with Green Swan Capital Corp. (“Green Swan”) whereby Green Swan will provide corporate finance services to Tempus.
Green Swan is a reporting issuer in British Columbia, Ontario and Alberta whose common shares are listed on the TSX Venture Exchange under the symbol “GSW”.
Green Swan owns 2,176,893 Tempus common shares. Green Swan’s board has authorized the declaration of a one-time dividend (the “Dividend”) to Green Swan shareholders on the basis of one (1) Tempus common share for every twenty (20) Green Swan common shares. The record date for the Dividend is July 31, 2015 and the distribution date is August 5, 2015. This will leave approximately 658,334 Tempus shares owned by Green Swan, or approximately three per cent of Tempus’ outstanding shares.
The distribution of Tempus shares will result in approximately three hundred new shareholders (300) of Tempus. The number of Tempus common shares issued and outstanding will not change as a result of the transaction.
One person serves as a director and Chief Financial Officer of both Tempus and Green Swan, but this person was not involved in the negotiation of the Agreement and recused himself from board decisions affecting this matter.
Tempus is a real estate operating company and a reporting issuer in British Columbia, Ontario and Alberta. None of Tempus` securities trade through any stock exchange or quotation facility.
On behalf of the board of directors
Tempus Capital Inc.
President and CEO
This press release may contain certain forward-looking statements, which reflect Management’s expectations regarding the Company’s completion of the proposed Portfolio acquisition and the anticipated closing date thereof constitute forward-looking statements. Whenever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and
assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Tempus cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Tempus assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause Tempus’ actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward- looking statements. No regulator nor any Regulation Services accepts responsibility for the adequacy or accuracy of this press release. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.