Vancouver, BC / ACCESSWIRE / August 1, 2014 / 360 Capital Financial Services Group Inc., (CSE: TSZ) (the "Company") announces that further to the news release dated July 17, 2014, the plan of arrangement between the Company, its three wholly owned subsidiaries Atikin Investment Inc., CGSG Investment Inc. and Plenus Investment Inc. and the shareholders of the Company (the "Arrangement") became effective on July 30, 2014.
It is planned to complete the share issuance by the subsidiaries to the shareholders of the Company pursuant to the Arrangement in late 2014.
About 360 Capital Financial Services Group Inc.
360 Capital and its subsidiary business units, is developing, growing and operating insurance, financial and merchant banking services and distribution through acquisition, partnership, joint-venture, and strategic alliance and cooperation - in Canada and Asia Pacific.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Ullrich Schade
Corporate Communications
Telephone: 604-566-9835
E-mail: [email protected]
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE: 360 Capital Financial Services Group Inc.